CONNECT WITH US
Tech

Tech

Elon Musk Just Dumped Another $76 Million Into the Midterms

Wired logo

Published on

Add as a preferred source on Google
Elon Musk Just Dumped Another $76 Million Into the Midterms

Elon Musk gave his personal political committee, America PAC, more than $76 million in the first two weeks of October to boost Republicans in the final stretch of the midterms, according to a pre-election report the PAC filed Thursday evening with the Federal Election Commission.

The group spent nearly $43 million in the first two weeks of October, and entered the campaign’s last leg holding nearly $47 million in cash.

The Texas Senate race dominated the new spending. It drew $15.2 million, double what the PAC spent there all summer. That spending included $12.4 million to attack Democratic candidate James Talarico and $2.8 million to promote Republican Ken Paxton.

Daily filings since then show $9.1 million more against Talarico, bringing the PAC’s spending against him this cycle to nearly $28 million, about 40 percent of everything it has spent supporting or opposing candidates. The PAC also shifted toward online ads, spending $11.4 million on digital ads in the same two weeks, which is close to what it spent on mail and texting combined.

All told, Musk has given more than $445 million to Republican political groups this election cycle, according to WIRED’s analysis of FEC filings, making him the biggest known individual donor in the midterms. More than $165 million of that has gone to America PAC since July alone.

Musk—who has several companies, including Tesla and SpaceX, based in Texas—has also been posting online about the race. ” Earlier this month, Musk amplified a false claim that Talarico had been treated at a mental health facility.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.