Tesla, X and SpaceX CEO Elon Musk suddenly becomes one of the most influential backers in US political history.
According to new Federal Election Commission filings, Elon Musk reportedly poured $259 million into efforts supporting Donald Trump’s presidential campaign.
Musk Supports Trump With Millions
Most of the funds, around $239 million, Elon Musk’s America PAC was founded to boost voter turnout for Trump.
Another $20 million was funneled to RBG PAC, a group named after the late Supreme Court Justice Ruth Bader Ginsburg, aimed at countering fears of a national abortion ban under Trump.
Musk has emerged as a key advisor after Trump announced that the would lead the government’s efficiency commission to cut government spending.
What Musk Could Gain From Trump?
Elon Musk stands to benefit significantly from Donald Trump’s return to the White House.
Donald Trump’s association with Elon Musk is already paying off as Tesla stocks soared to two digits after Trump’s immediate victory.
