The China Mail - Musk's millions: Five ways the world's richest man helps Trump

USD -
AED 3.673042
AFN 66.000368
ALL 82.000368
AMD 362.466517
ANG 1.790365
AOA 917.000367
ARS 1521.867204
AUD 1.441104
AWG 1.8025
AZN 1.70397
BAM 1.740516
BBD 2.01375
BDT 122.920986
BGN 1.683441
BHD 0.37704
BIF 2997.5
BMD 1
BND 1.279623
BOB 12.012672
BRL 5.210804
BSD 0.999844
BTN 96.860456
BWP 13.821826
BYN 3.011507
BYR 19600
BZD 2.010786
CAD 1.42485
CDF 2310.000362
CHF 0.828404
CLF 0.025096
CLP 990.920396
CNY 6.70455
CNH 6.707804
COP 3272.06
CRC 458.133471
CUC 1
CUP 23.995372
CVE 98.350394
CZK 21.719304
DJF 177.720393
DKK 6.642604
DOP 60.050393
DZD 134.01304
EGP 52.20214
ERN 15
ETB 161.02504
EUR 0.88815
FJD 2.26404
FKP 0.757935
GBP 0.755116
GEL 2.60504
GGP 0.757935
GHS 11.74504
GIP 0.757935
GMD 73.503851
GNF 8750.000355
GTQ 7.640625
GYD 209.141311
HKD 7.84745
HNL 26.820388
HRK 6.696704
HTG 130.925789
HUF 327.440388
IDR 17888.5
ILS 3.05233
IMP 0.757935
INR 96.14625
IQD 1310
IRR 1746539.503816
ISK 121.930386
JEP 0.757935
JMD 158.282088
JOD 0.70904
JPY 157.82504
KES 128.280385
KGS 87.450384
KHR 4056.00035
KMF 438.00035
KPW 900.000318
KRW 1344.345039
KWD 0.30883
KYD 0.833148
KZT 449.216421
LAK 22457.503779
LBP 89550.000349
LKR 330.631023
LRD 171.350382
LSL 16.650381
LTL 2.95274
LVL 0.60489
LYD 6.405039
MAD 9.941504
MDL 17.867027
MGA 4430.000347
MKD 54.802323
MMK 2099.878546
MNT 3598.367683
MOP 8.081321
MRU 40.085039
MUR 48.150378
MVR 15.460378
MWK 1736.000345
MXN 18.161204
MYR 4.084904
MZN 63.903729
NAD 16.650377
NGN 1330.790377
NIO 36.655039
NOK 9.618604
NPR 154.976729
NZD 1.780627
OMR 0.383882
PAB 0.999831
PEN 3.447504
PGK 4.484039
PHP 62.583504
PKR 276.912159
PLN 3.89575
PYG 5849.556144
QAR 3.643504
RON 4.741904
RSD 104.529038
RUB 83.633376
RWF 1475
SAR 3.737074
SBD 8.078071
SCR 13.774934
SDG 601.503676
SEK 10.040104
SGD 1.278804
SHP 0.75503
SLE 24.603667
SLL 20969.491881
SOS 571.400603
SRD 37.811504
STD 20697.981008
STN 22.225
SVC 8.748081
SYP 13002.000254
SZL 16.650369
THB 33.520369
TJS 9.20325
TMT 3.5
TND 2.994504
TOP 2.40776
TRY 49.129904
TTD 6.77945
TWD 31.821804
TZS 2635.003038
UAH 44.988787
UGX 3989.587737
UYU 40.296887
UZS 11787.503617
VES 865.47815
VND 25985.5
VUV 120.084308
WST 2.780871
XAF 582.588484
XAG 0.016565
XAU 0.000241497186
XCD 2.70255
XCG 1.80192
XDR 0.707052
XOF 582.588484
XPF 106.450363
YER 236.303589
ZAR 16.655104
ZMK 9001.203584
ZMW 19.645988
ZWL 321.999592
SSP 5712.591904
MXV 2.054907
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Musk's millions: Five ways the world's richest man helps Trump
Musk's millions: Five ways the world's richest man helps Trump / Photo: © AFP/File

Musk's millions: Five ways the world's richest man helps Trump

In an extraordinary twist that has upended an already unpredictable election, the world's richest man has become Donald Trump's most influential supporter in his bid to return to the White House.

Text size:

Here are five ways Elon Musk is wielding his outsized influence to help Trump win the election against Kamala Harris:

- Financial powerhouse -

Musk established the America political action committee, or Super PAC, in July with the primary goal of supporting Trump's campaign and the "Make America Great Again" (MAGA) movement.

The Super PAC, which pools campaign contributions for election-related causes, has received approximately $75 million from Musk over the last three months alone and likely more since.

America PAC has quickly become one of the largest pro-Trump organizations, focusing on Republican voter turnout in seven crucial swing states.

The organization has launched controversial initiatives, including cash incentives for voters who refer others to sign a petition supporting the First and Second Amendments that protect free speech and the right to bear arms.

It has also launched a daily $1 million lottery prize for random petition signatories in swing states.

These unusual schemes have sparked legal debates. While some experts argue they violate US electoral law prohibiting payment for voter registration, others maintain their legality.

Philadelphia's chief prosecutor this week filed a lawsuit challenging the prize offer as an "illegal lottery scheme."

Although a judge ordered Musk to appear in court, his lawyers filed a "motion of removal," moving the case to federal jurisdiction pending a decision.

- Hit the trail -

Unlike most billionaire backers who remain in the shadows, Musk has emerged as Trump's most prominent celebrity endorser, making frequent campaign appearances.

His first joint appearance with Trump occurred on October 6 in Butler, Pennsylvania -- the site of July's assassination attempt on the former president.

During the rally, Musk delivered an impassioned speech warning that "this will be the last election" if Trump doesn't win, claiming Democrats would take control of the country.

At New York's Madison Square Garden, Musk declared to thousands, "I'm not just MAGA, I'm dark Gothic MAGA."

He has also conducted solo town hall events, including a three-hour Q&A session in Pennsylvania that drew thousands.

- Government cuts -

Trump has promised to appoint Musk as head of a new "department of government efficiency", or DOGE — sharing its name with Musk's cryptocurrency.

This appointment would raise significant conflict of interest concerns, given SpaceX's essential role in NASA missions and Tesla's dependence on government regulators, particularly for self-driving technology.

And SpaceX's Starlink plays a critical role in providing communication support in war zones and disaster areas across the globe.

According to the New York Times, SpaceX and Tesla have secured at least $14.4 billion in government contracts over the last decade.

At the New York event, Musk proposed cutting annual government spending by two trillion dollars, suggesting dramatic changes to public services, including reductions in government pensions and retiree healthcare.

Former Treasury Secretary Larry Summers criticized this approach, saying governments are not run like companies.

"Respectfully, I think it is idiotic," he said on Fox News.

- X at your service? -

Since acquiring Twitter and rebranding it as X two years ago, Musk has transformed the platform.

Recent studies indicate increased visibility for right-wing content, while Democratic and left-wing posts have seen reduced engagement.

A Washington Post analysis revealed that Republican accounts are posting more frequently and gaining more followers under Musk's ownership.

White House officials have expressed concern about their diminished reach during potential crises, with their average post views dropping from 200,000 to 100,000.

While this could be attributed to user exodus following Musk's takeover, algorithm adjustments may also play a role.

The Wall Street Journal's investigation found that even accounts following only nonpolitical subjects received predominantly conservative and election-related content, contradicting X's assurances to advertisers about nonpolitical content exposure.

- Misinformation megaphone -

Musk has used his account of more than 200 million followers to promote Trump's platform, particularly regarding immigration and transgender issues.

He has also spread debunked conspiracy theories about rigged voting machines -- arguments the Trump campaign will leverage if defeated.

A New York Times analysis of Musk's X posts over five days last month found nearly one-third of his 171 posts contained false information or lacked context.

He has amplified conspiracy theories, including assertions that Democrats are "importing" migrants for voting purposes and false stories about immigrants from Haiti.

According to the Center for Countering Digital Hate, Musk's false or misleading election claims on X accumulated nearly 1.2 billion views in just a few months this year.

L.Kwan--ThChM