Musk Denies Backing Trump Campaign With Monthly Donations

Tech billionaire Elon Musk has denied reports that he was donating $45 million a month to a fund backing former US president Donald Trump’s latest White House bid.
Taking to his X handle on Tuesday, Musk refuted the reports describing it as “ridiculous.” Considering Super PACs are specially designed groups that can spend unlimited amounts on political candidates and causes.
Musk’s comments came days after the democratic campaign for the presidential election was re-invigorated with Vice President Kamala Harris stepping in for Joe Biden.
The Wall Street Journal had reported that Musk plans to donate $45 million monthly to America PAC, even though Musk stated just months ago that he would not donate to either Trump or President Joe Biden.
The Tesla founder formally endorsed Trump’s candidacy for US president earlier this month immediately after the Republican survived a shooting at a political rally in Butler, Pennsylvania.