Elon Musk’s Super PAC Spends $200 Million to Boost Trump—Now Tesla’s CEO Scores Key Government Position

Elon Musk’s America PAC reportedly spent an estimated $200 million to help elect Donald Trump in the 2024 presidential race, deploying unprecedented resources to boost Trump’s turnout efforts in swing states especially. Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Tesla Inc. will be added to the S&P 500 Index in one shot on Dec. 21, a move that will ripple through the entire market as money managers adjust their portfolios to make room for shares of the $538 billion company. Super PACs, or political action committee, according to the Federal Election Committee website, “are committees that may receive unlimited contributions from individuals, corporations, labor unions and other PACs for the purpose of financing independent expenditures and other independent political activity.” Musk, CEO of Tesla and SpaceX, and a owner of the social media platform X, now stands to have a significant hand in Trump’s second administration. Trump has appointed Musk and former Republican candidate Vivek Ramaswamy to lead a newly established Department of Government Efficiency (DOGE), as announced by Trump’s camp on Nov. 12. This department will have broad aims:...