Oct 18, 2024, 12:00 AM
Oct 18, 2024, 12:00 AM

Silicon Valley's Elon Musk Leads Push for Trump in 2024

Highlights
  • A group of wealthy, predominantly Republican donors convened to discuss support for Donald Trump as the 2024 presidential candidate.
  • Elon Musk has been quietly funding initiatives supporting conservative candidates and causes, including over $50 million in ads against Democrats and a $10 million donation to Ron DeSantis's campaign.
  • The gathering reflects a shift among some billionaires who previously disavowed Trump, indicating a strategic pivot toward ensuring his electoral success.
Story

In February 2024, a key meeting of influential Republican donors occurred in the United States, organized by billionaire financier Nelson Peltz. The gathering included prominent figures who had distanced themselves from Donald Trump following the January 6 insurrection but began recognizing him as the likely candidate for the 2024 election. Led by Peltz, the group sought strategies to effectively assist Trump in his reelection efforts. Elon Musk, a leading voice in the tech industry, has shifted his focus toward the political realm, supporting conservative causes and candidates. Reports indicate that he contributed over $50 million in advertising against Democratic candidates during the 2022 midterms and a notable $10 million for Ron DeSantis's campaign in 2023. This financial backing illustrates Musk's growing engagement in political matters. Among the topics discussed at the donation conference was a conspiracy theory that Democrats were purportedly facilitating increased immigration to secure more votes, an idea that has gained traction in certain circles, including Musk's. While he did not comment on the gathering, his increasing alignment with far-right political narratives is evident. The meeting marks a significant moment for reforming alliances among wealthy Republican donors, reflecting their strategic shift as they prepare for the upcoming election, assuring that they will support the politically divisive figure of Trump.

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