Elon Musk gives $75mn boost to Donald Trump’s presidential run

finance
Created 10/16/2024
Updated 10/16/2024

Elon Musk has donated nearly USD75 million to support Donald Trump's bid for the White House, making him one of Trump's largest backers in the 2024 election. Musk, who previously supported Democrats, is now endorsing Trump, citing concerns about U.S. democracy if Kamala Harris wins. His donation to the political action committee (PAC) "America Pac" has bolstered its spending to support Trump and Republicans in key races. Musk's involvement in the campaign marks a shift in his political stance, as he increasingly criticizes "woke" policies and the Biden-Harris administration, which he views as unfriendly to his businesses.

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