Elon Musk plans to donate $100 million to Trump’s PACs amid political tension

Elon Musk is reportedly planning to contribute another $100 million to former President Donald Trump and his political action committees (PACs), just a day after Trump hosted a promotional event for Tesla at the White House.

This latest donation follows Musk’s substantial contributions exceeding $250 million during the previous election cycle, raising eyebrows over potential quid pro quo motives behind the timing of both the donation and the promotional event.

With the upcoming midterm elections and control of Congress at stake, Trump is actively seeking financial support despite being unable to run for reelection.

This decline poses a serious concern for Musk, as Tesla’s stock is central to his wealth and financial operations

The GOP aims to strengthen its foothold in both the House and Senate, and Musk has indicated his willingness to back primary candidates aligned with Trump while withholding support from those who are not.

The announcement of Musk’s new donation comes on the heels of a significant drop in Tesla’s stock, which fell 15% recently and has plummeted over 50% since hitting a peak in December. This decline poses a serious concern for Musk, as Tesla’s stock is central to his wealth and financial operations, often serving as collateral for loans used to fund his lifestyle and investments.

Critics question the ethics of Musk’s entanglement with Trump, especially as protests against Tesla’s political connections could adversely affect U.S. sales.

Some analysts suggest that Musk’s response to this backlash—intensifying Tesla’s association with one of the most controversial figures in modern American politics—could yield short-term gains but may damage the brand in the long run.

As many view this move as indicative of a potential panic response, it remains to be seen how this strategy will unfold in the politically charged environment.