With a scathing post, Elon Musk comments on the reports about Joe Biden‘s health and whether he will withdraw from being a presidential candidate in the USA.
In his post on X, he writes: “They’re taking Biden fishing soon” estimating that his team will make the decision and the US President will announce that he withdraws.
Meanwhile, the Wall Street Journal published on Monday (7/15) that billionaire Elon Musk plans to offer approximately $45 million per month to an organization supporting Donald Trump’s campaign to return to the White House, who is already being funded by other technology sector entrepreneurs.
The organization “America PAC,” founded in late May as confirmed by documents submitted to the Federal Election Commission (FEC), is classified as one of the so-called “super PACs” (political action committees). These legal entities are technically not connected to party organizations or campaigns. They cannot directly finance a candidate but are allowed by law to engage in supportive activities such as advertising campaigns, event organization, etc.
According to the Journal’s report, “America PAC” dedicates its resources to encouraging Republican sympathizers in swing states to register to vote in favor of Mr. Trump. For registered voters, the organization urges them to vote by mail or take advantage of early voting at designated polling stations.
The FEC documents reveal that the donors to “America PAC” include the brothers Cameron and Tyler Winklevoss, known for their epic battles with Mark Zuckerberg during the founding of what would become Facebook, and more recently for their investments in cryptocurrencies. Other notable donors listed are Douglas Leone of the capital management and investment firm Sequoia Capital, one of the most renowned in Silicon Valley, and Antonio Gracias, a senior executive at Tesla from 2007 to 2021.
Musk’s name does not appear on the PAC’s donor list, which had raised $8.75 million by the end of June, according to FEC records. The WSJ explains that this is because the world’s richest man will start funding it this month. If his intentions as described by the financial newspaper are confirmed, it will be one of the largest individual donations ever made to a campaign in the U.S.
The largest donation made so far for this year’s elections, according to publicly available data, is from Tim Mellon, heir to Mellon Bank, who donated $50 million to another entity supporting the American right-wing candidate.
