Elon Musk Denies Giving Trump $45 Million Monthly

Elon Musk has denied reports that he plans to donate $45 million per month to support Donald Trump's candidacy, marking another setback for the former president.

Trump earlier this month bragged that he had heard Musk "gives me $45 million a month." I Photo: Ministério Das Comunicações Wikimedia Commons

The Wall Street Journal previously reported that Musk planned to make substantial contributions to the pro-Trump political action committee America PAC, Robert McCoy reported for the New Republic.

In an interview with right-wing influencer Jordan Peterson broadcast on X Tuesday, Musk stated, "This report is simply not true. I’m not donating $45 million a month to Trump. Now, what I have done is I have created (the America PAC)," he continued.

The New York Times also noted that the nascent super PAC, meant to support Trump's election bid, could be "an avenue for Musk and his $250 billion fortune to potentially play a significant role in the 2024 presidential race."

It has already garnered millions from "a tight-knit network of wealthy tech entrepreneurs," including those close to Musk.

Later on Tuesday evening, Musk further clarified, "I am making some donations to America PAC, but at a much lower level," without providing a specific figure.

Musk, who endorsed Trump following an assassination attempt against him this month, told Peterson he does not subscribe to the "cult of personality" around Trump but expressed his opinion that "the country would be better off with a Republican administration" due to his concerns about Democratic "censorship" and "DEI."

Someone ought to break the news to Trump, who earlier this month bragged that he had heard Musk "gives me $45 million a month," adding, "We have to make life good for our smart people."