Elon Musk vows to donate $45m monthly to support Trump’s reelection campaign following assassination attempt

GistReel

The CEO of Tesla motors and founder of X  Elon Musk has announced plans to donate $45 million a month to a new super political-action committee (PAC) supporting former President Donald Trump’s 2024 reelection campaign.

The Tesla and SpaceX founder indicated that his contributions to the America PAC would commence in July, according to a report by the Wall Street Journal.

Despite Musk’s intentions, he was notably absent from a Monday filing by the America PAC, which has already raised over $8 million.

The super PAC, established in late May, has attracted significant donations from other prominent figures in the tech industry.

Palantir co-founder Joe Lonsdale contributed $1 million through Lonsdale Enterprises, while crypto billionaires Cameron and Tyler Winklevoss each donated $250,000.

Elon Musk’s involvement marks him as the only Fortune 100 CEO to fully endorse a candidate in the upcoming presidential race.

His endorsement follows a recent assassination attempt at a rally in Butler, Pennsylvania, where he expressed his support for Trump’s recovery on X (formerly Twitter).

“I fully endorse President Trump and hope for his rapid recovery,” Elon Musk tweeted, sharing a video of the incident.

See below;

I fully endorse President Trump and hope for his rapid recovery pic.twitter.com/ZdxkF63EqF

— Elon Musk (@elonmusk) July 13, 2024