Famous entrepreneur Elon Musk stated in an interview with famous psychologist Jordan Peterson that the news in the media is not true. He also emphasized in a statement on the X social media platform that he donated to Donald Trump’s presidential campaign, but these donations were actually “at a much lower level.”
WSJ Claims: $45 Million Donation
The Wall Street Journal (WSJ) claimed in recent weeks that Musk planned to donate around $45 million a month to the pro-Trump political action committee America PAC. However, Musk denied this claim and reflected the truth to his followers by making a humorous post about the issue.
Importance of Donations
It is a fact that the government does not provide sufficient funds for election campaigns in the USA. Therefore, candidates rely on donations to meet their financing needs, which can reach millions of dollars. These donations allow candidates to advertise more in their election campaigns, reach a wider audience and increase their supporters. Therefore, candidates who have sufficient funds for their election campaigns can increase their chances of being elected by running a more effective campaign.
