Elon Musk and other tech CEOs have leaned toward former President Donald Trump in the upcoming U.S. Presidential election. The November polls have seen top tech and finance leaders donate and back respective campaigns. Several crypto and traditional financial markets executives have also backed the former U.S. President for a second term.
Elon Musk Backs Trump
In recent months, Donald Trump has received support from a wide range of business and technology executives as he goes head-to-head with President Joe Biden in the forthcoming elections. The Republican candidate has also seen his influence grow in the cryptocurrency space as execs and users reign in support in anticipation of pro-industry regulations.
Notably, Tesla CEO Elon Musk has backed Donald Trump following a series of speculations. The CEO wrote on X (formerly Twitter) that he fully endorses the former President and wishes him a speedy recovery. This comes after an attack on Donald Trump during a recent rally in Pennsylvania. Musk has also clarified “fake news” by mainstream media on the former President calling for true reporting on the social media platform.
Previously, the Tesla CEO reinstated Trump’s account on X after a poll that saw a majority of users voting in favor of the move following his previous suspension on most social media platforms. Trump has also supported Elon Musk publicly in the past describing him as a genius likening him to Thomas Edison.
“… well you have to give him credit for that, I spoke to him very recently and he is also doing the rockets thing… he’s one of our great geniuses and we have to protect our geniuses. We have to protect Thomas Edison.”
Both Musk and Trump share similar views in terms of free speech both constantly firing shots at the mainstream media and fake news. Musk subsequently purchased Twitter stressing the need to attain free speech. However, both men differ in ideals. While Trump is not pro-climate change, Elon Musk differs in manufacturing electric vehicles to reduce carbon emissions.
Musk Donates And Other Tech CEOs Donate to Super PACs
Elon Musk and several other business executives have donated to Donald Trump’s campaign for several reasons. According to the Wall Street Journal, Musk will donate $45 million a month to a Super PAC backing Trump for a second term. Other donors include Jeo Lonsdale, the co-founder of 8VC, Kelly Craft, and the Winklevoss twins. Trump is also backed by billionaires Bill Ackman, David Sacks, Timothy Mellon, Jamie Dimon, Shaun Maguire, etc.
Sacks lauded the Republican candidate for his choice of VP, Sen JD Vance, describing him as an American patriot.
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