Elon Musk, the prominent CEO of Tesla and SpaceX, has categorically denied recent reports suggesting he plans to donate significant funds to a pro-Trump super PAC. On July 16, Musk took to his social media platform X to address the claims made by the Wall Street Journal (WSJ), calling them “false.”
The WSJ report, which alleged Musk was poised to make large donations in support of former President Donald Trump, quickly stirred nationwide speculation. Musk responded by posting an image on X with the words “FAKE GNUS,” indicating his rejection of the story.
The timing of the WSJ report coincided with a purported assassination attempt on Trump, adding another layer of intrigue and public interest. This incident has sparked widespread discussion, with various media outlets and social platforms buzzing with debates over the implications.
Bloomberg reported that Musk planned to contribute $45 million per month to the pro-Trump PAC. Musk has steadfastly denied any involvement in such financial activities despite these new allegations.
Further cementing his stance, X News Daily, a news account associated with Musk’s social media platform, echoed his denials, asserting that no donations had been made. This has also brought attention to U.S. campaign finance laws, which mandate political groups to disclose their donors publicly. Should Musk decide to contribute, the information would become publicly available, ensuring transparency.
While Musk has denied making any donations, his political leanings have become increasingly apparent. In the aftermath of the assassination attempt, Musk posted on X expressing his support for Trump, stating, “I fully endorse President Trump and hope for his rapid recovery.” This endorsement highlights Musk’s confidence in Trump’s potential as a presidential candidate.
Trump Announced as Speaker at Bitcoin 2024, Promises Crypto SupportThe fallout from these events has also impacted the cryptocurrency market. Following the assassination attempt, the price of the TRUMP meme coin saw an increase, reflecting the heightened interest and speculation surrounding Trump and his supporters.
Musk’s comments and actions are under intense scrutiny as the U.S. election landscape continues to unfold. His influential role in both the technology sector and political discourse ensures that his statements will continue to be a focal point in the ongoing election coverage.
