Musk, who is among the wealthiest individuals globally, has been openly critical of President Joe Biden's administration and its left-leaning policies.
As reported by The Post Millennial, Musk's donation to America PAC, a group that can accept unlimited contributions but is prohibited from directly funding a candidate, was described as a "sizeable amount." The exact figure remains undisclosed until July 15, when the PAC is obligated to reveal its donors.
Musk's political leanings have been a topic of discussion, given his frequent interactions with conservative accounts on various platforms. Despite this, the Tesla CEO has not officially endorsed Trump or any other candidate for the forthcoming election.
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Trump, on the other hand, has hinted at the possibility of Musk playing a role as a political advisor in his administration, should he secure a second term.
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In March, Musk met with Trump in Florida, asserting at the time, "Just to be super clear, I am not donating money to either candidate for U.S. President."
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Following his guilty verdict in Manhattan in May, Trump's campaign has seen a significant increase in funding, raising $141 million in that month alone. A considerable portion of these funds came from first-time, small-dollar donors.
In contrast, several donors to Biden's campaign have expressed concerns about the President's re-election prospects and have threatened to withhold their funding. Some have even suggested this as a reason for the President to step down as the Democratic party's nominee for the upcoming presidential election. This development underscores the growing unease within some sections of the Democratic donor base about the party's future direction.