The post US Election 2024: Elon Musk's 'huge' donation to America PAC for Donald Trump appeared first on Coinpedia Fintech News

According to a recent Bloomberg report, Elon Musk has contributed to America PAC, a group working to reelect Donald Trump. The donation was described as “large-scale,” marking a significant change for Musk, who has previously considered himself politically independent and hesitant to get involved in politics. . 

Musk supports Trump at a critical time

Musk's support of Trump is significant. Trump has surpassed President Joe Biden in fundraising ability, benefiting from Wall Street's wealthy and corporate donors. Musk's involvement could further boost Trump's campaign, providing a significant financial advantage. In his previous statements, Musk explicitly denied donating to any Presidential candidate in March. So this has sparked debates about true political intentions your. 

In May, he also denied that there had been talks about a potential advisory role for him during any Trump presidency.

America PAC spent $15.8 million on field operations, digital media and voter outreach efforts in key battleground states. The PAC is expected to announce its list of donors on July 15. 

Trump and Musk's complicated relationship

Notably, the former US President and Musk have had conflicts in the past, but Musk also advised Donald Trump on electric vehicle policy. Musk has mentioned that Trump sometimes calls him “surprised.” The connection, along with Musk's recent financial backing, suggests a growing alliance between the two. Musk's coalition could significantly impact the 2024 US Election.

Trump last month reaffirmed his commitment to immediately abandon the Biden administration's mandate to support the electric vehicle industry. But he has declared himself a big fan of electric cars and a fan of Musk. 

Musk also stated that although they have had several conversations and Trump is a big fan of Cybertrucks when it comes to Tesla's electric pickup truck, he has not given any official endorsement contest in November and Trump said he didn't know if he had Musk's support.

Musk's AI expectations

Elsewhere, Musk in his X post suggested that AI is no longer a threat and declared it will forever be 'strawberry fields'. In light of OpenAI's new burgeoning inference technology, Strawberry, his statement demonstrated confidence in the future potential of AI. 

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