Musk gave $75 million to pro-Trump group, becoming a Republican mega donor | ABS-CBN News

Elon Musk gave around $75 million to his pro-Donald Trump spending group in the span of three months, federal disclosures showed on Tuesday (October 15), underscoring how the billionaire has become crucial to the Republican candidate's efforts to win the Nov. 5 presidential election.

America PAC, which is focused on turning out voters in closely contested states that could decide the election, spent around $72 million of that in the July-September period, according to disclosures filed to the Federal Election Commission.

That is more than any other pro-Trump super PAC focused on turning out voters. The Trump campaign is broadly reliant on outside groups for canvassing voters, meaning the super PAC founded by Musk - the world's richest man - plays an outsized role in the razor-thin election between Trump and Democrat Kamala Harris.

Musk, the CEO of electric car manufacturer Tesla, was the sole donor to the group in that period.

Musk, who has said he has voted for Democratic presidential candidates in the past, has taken a sharp turn to the right this election. He endorsed Trump in July and appeared with him at a rally in Pennsylvania earlier this month.

Musk's donations to America PAC propel him into the exclusive club of Republican mega donors, a list that also includes banking heir Timothy Mellon and casino billionaire Miriam Adelson.
However, Reuters reported earlier this month that Musk has secretly funded a conservative political group for years, well before his public embrace of Trump.

America PAC declined to comment on the Musk donations. Musk did not immediately respond to a request for comment.

(Production: Deborah Gembara)

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[xx]

"Humanity does not need either one of these"!

[patbrown]

Billionaires love trump, not because of him; they want those tax breaks. Add tariffs, and our economy will crash!!!
💙💙

[Kelvin-nbdb]

👍👍👍 Solid Former🇺🇲🇺🇲🇺🇲US President Donald J Trump bring back Former US President Donald J Trump in white House in November 5 2024 Let 🇺🇲🇺🇲🇺🇲 America and American people Great

[SandyCheeks]

This is NOT legal! Why are we tolerating this??

[AnnaNov-fm]

Trump loves billionaires. Billionaires love Trump. Mutual love.

[justjackie]

Remember it's WE THE PEOPLE !!!
not we the Millionaires ...
Because it's more of us the People then Them😊

No wonder why trump was happy dancing yesterday. If Musk wants to throw away 75 million bucks for Trump, a convict rather than spending that money for a nice new shiny rocket booster, go ahead.

[garyK.ACP]

Thank you, Elon! You are a GREAT African-American!

[VernettaTraylor]

Tell Elon musk to show the American people the check made out to trump

[timsmith]

Too bad Elon is so late. Many people already voted and may have voted for Harris. - Gen Z

[kindofbluenyc]

Imagine wasting millions for a con man. Did Musk send any help for the hurricane disaster?

[TomZart]

TRUMP'S LOVE OF MONEY - 2024 $$
Since ancient times man has had a need for barter
Which is a French word that means to exchange or trade.
Before we relied on paper or metal coins
Arrangements for food, clothing and shelter were made.

As man developed, there was more to be exchanged
And one of the earliest forms of cash was cattle.
He who owned the most livestock was the richest man
Purchasing slaves, soldiers and weapons for battle.

Paper has been used since the tenth century A.D.
Because it was easier to carry than coin.
Used by every civilized country in the world
As their economies merged and joined.

Some say that money is the root of all evil
Though the substance of evil is none other than man.
It's not money that causes most of what's wrong
But the ignorance of man, and his misguided hand.

Money is one of life's most powerful forces
To fulfill and sustain our Earthly need.
We work for it, spend it and waste it away
And sometimes we're the victim of greed.

Worrying about crime, taxes, border and terrorism
Infectious disease and paying next month’s bills.
Saving for college and our own retirement
It's no wonder we drink, smoke, pray and pop pills.

By Tom Zart

[ravgm]

Russian Oligarchy systen is coming. Tax cut to rich is start

[ThanhTran-lgle]

Together to save America 🇺🇸 for Americans. Voting Trump-Vance and the economic team Elon Musk, JFK Kennedy, Vivek, Tulsi vv… for fixing the mess of inflation, bad economic, open border and peace in Middle East

[ThrifterPickerShipper]

God bless him, how special. And here I just want teeth that were all knocked out in an accident with an evil dentist after breaking my jaw, perforating both sinuses, sliced under my tongue ending in stitches, gave me an unauthorized alveoplasty with no numbing and hit my lingual nerve causing paralysis on one side of my face in aggressive maneuver, and yet I feel selfish Hahahaha. Oh, to be so blessed. Good for him.

[shez]

Hoping he loses his money, like others who bet on trump. Trump is the master of having others pay so he doesn't have to. Flying monkeys.

[margcolea]

God bless Elon Musk and President Trump. Trump 2024!

[picartso]

Corporate welfare - In 2008, Elon Musk's companies, particularly Tesla and SpaceX, faced significant financial challenges. Here are some ways the government assisted:

Tesla:

Department of Energy (DOE) Loan: In 2009, Tesla received a $465 million low-interest loan from the DOE's Advanced Technology Vehicles Manufacturing (ATVM) program. This helped fund the development of the Model S and the construction of its factory.

Tax Credits: Tesla benefited from federal tax credits for electric vehicles, which encouraged sales.

SpaceX:

NASA Contracts: SpaceX received significant contracts from NASA, including a $1.6 billion Commercial Resupply Services (CRS) contract in 2008 for ISS cargo transport.

Loan Guarantees: SpaceX received loan guarantees from the US government, helping secure private funding.

These government supports contributed significantly to the survival and growth of Tesla and SpaceX, helping them become successful companies.

[Paaki]

Donald's j trump all the way... love you Elon..

[LucianaPassaseo]

😍Elon un uomo con un cuore d’oro 👏🏻👏🏻👏🏻♥️👍