US Election: Elon Musk Invests $70m In Trump’s Campaign

October 17, 2024
US Election: Elon Musk Invests $70m In Trump’s Campaign Efforts

In a surprising move, Elon Musk has made headlines by donating over $70 million to help Donald Trump and other Republican candidates win in the upcoming elections.

This contribution makes Musk one of the biggest donors to GOP causes this campaign season. The donation, disclosed in recent campaign finance filings, highlights Musk’s growing influence in the political arena.

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Elon Musk’s New Political Venture

Musk’s financial support went to America PAC, a super political action committee (PAC) he launched in May. The PAC was established to aid Trump’s bid for the White House. Musk emphasised the mission of America PAC, stating, “The America PAC is just aiming for common sense, centrist values.” This statement was made on his social media platform X shortly after the financial details were released.

Super PACs, like America PAC, can raise and spend unlimited amounts of money. However, they are typically not allowed to coordinate directly with the candidates they support. A recent opinion by the Federal Election Commission has changed this slightly, allowing for more collaboration between candidates and PACs in ground game efforts. This refers to the on-the-ground activities like door-to-door canvassing aimed at voter turnout.

READ ALSO: Elon Musk Pledges $47 To Petition Signers Supporting Free Speech, Gun Rights Ahead Of US Election

Challenges for Trump’s Campaign

This election season, Trump’s campaign has faced financial challenges. They have turned to outside groups to handle key tasks that are usually done by the campaign itself. America PAC has become a primary resource in this regard. So far, it has spent over $38 million on voter canvassing efforts. This strategy marks a significant shift from traditional campaign methods.

Musk’s PAC has been paying consulting firms for its efforts, including those linked to Phil Cox, a former campaign aide to Florida Governor Ron DeSantis. Records show that businesses under Cox’s companies have received at least $21 million since August.

Unconventional Campaign Strategies

Trump’s campaign has also taken a different approach to voter engagement. Unlike typical campaigns that focus on appealing to independent or moderate voters, this campaign is working to boost turnout among Trump’s existing supporters, many of whom do not usually vote. This strategy, while innovative, carries risks.

Although Musk is the primary donor to America PAC, he is not alone in his support. The PAC has also received about $8.75 million from other wealthy contributors, including the Winklevoss twins, known for their connection to Facebook.

Overall, America PAC has spent nearly $80 million this election cycle, with the majority directed toward the presidential race. Approximately $5 million has also gone toward supporting Republican candidates for the House.

Elon Musk’s significant financial investment in Trump’s campaign underscores his growing role in political funding and strategy. As America PAC continues its work, it will be interesting to see how these unconventional tactics play out in the elections. With Musk at the helm of this PAC, the political landscape may shift in ways we have yet to see, especially as the election date approaches.

In this election season, the impact of Elon Musk and America PAC’s strategies will be closely watched by both supporters and critics alike.

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Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

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