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This is an archive article published on March 6, 2024

Not donating money ‘to either candidate’ in US presidential race, clarifies Elon Musk

"Just to be super clear, I am not donating money to either candidate for US President," Musk posted.

Elon Musk Donald Trump Joe Biden US electionsThis comes after Donald Trump met with Tesla CEO Elon Musk in Florida over the weekend as the former Republican president seeks a major cash infusion for his latest re-election campaign, The New York Times reported on Tuesday. (File/ Reuters)

Tesla and Space X CEO Elon Musk Wednesday clarified that he won’t be donating money to either candidate for US President. “Just to be super clear, I am not donating money to either candidate for US President,” Musk said in a post from his official handle on the social media site X

Musk followed up the previous post with one on the growing power of government. “The power of government grows ever stronger with each passing year,” Musk posted.

This comes after Donald Trump met with Tesla CEO Elon Musk in Florida over the weekend as the former Republican president seeks a major cash infusion for his latest re-election campaign, The New York Times reported on Tuesday. The Times cited three people who were briefed on Sunday’s private meeting in Palm Beach. However, they spoke to the newspaper on condition of anonymity. According to the Times, Musk has not spent heavily on presidential races in the past, while splitting donations fairly evenly between Democrats and Republicans.

Musk’s policies and politics came under scanner ever since Musk became the owner of Twitter in October 2022.

Even before his takeover, concerns over social media giants fuelling misinformation, fake news and biased information surrounded other tech CEOs.

Another major update preceding this declaration by Musk is Amazon founder Jeff Bezos reclaiming the spot of the world’s richest person after dethroning Tesla CEO Elon Musk, as per the Bloomberg Billionaires Index recently. Musk’s net worth is now pegged at $197.7 billion, while Jeff Bezos has a fortune worth $200.3 billion.

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