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Sources: Elon Musk plans to commit ~$45M per month to America PAC, a new pro-Trump super PAC; other backers include 8VC's Joe Lonsdale and the Winklevoss twins

Other backers of America PAC include Palantir Technologies co-founder Joe Lonsdale and the Winklevoss twins

Wall Street Journal

Discussion

  • @karaswisher Kara Swisher on threads
    This aged well
  • @bobschooley @bobschooley on threads
    Is there anything he doesn't overpay for? https://www.cnbc.com/...
  • @joe_rosenthal Joe Rosenthal on threads
    In case Elon Musk's embrace of Neo Nazism wasn't disqualifying enough, I'll repeat @kolchak here: “Do not.  Purchase.  A Tesla.” https://www.wsj.com/...
  • @renee.diresta Renee DiResta on threads
    Assuming this is accurate, I'm curious how they plan to message this given the many years of “mail in ballots are for illegals committing frauds” — language the money source himself has harped on incessantly these last few months. …
  • @boyq.bsky.social Momus Jones on bluesky
    I just hope America PAC uses Tesla full-self-driving technology.  [embedded post]
  • @marypcbuk.bsky.social Mary Branscombe on bluesky
    Bet the tesla shareholders are delighted because a crazy number of people think that chaos is great if it means less regulation [embedded post]
  • @elonmusk Elon Musk on x
    @WSJ [image]
  • @zaidjilani Zaid Jilani on x
    Musk donating to a GOP Super PAC focused on mail in voting while he keeps telling people on Twitter that mail in voting should be banned. It could be a conspiracy or it could just be dumb.
  • @rpyers Rob Pyers on x
    We're already at 4 distinct SuperPACs supporting Trump that are each likely to spend 9 figures by election day: MAGA, Inc (the OG 2024 Trump SuperPAC) Preserve America (Miriam Adelson) America PAC (Elon Musk, et al.) Right For America (Ike Perlmutter) [image]
  • @nycsouthpaw @nycsouthpaw on x
    Behold the elusive politics of Elon Musk https://www.wsj.com/... [image]
  • @petresolheim Petre Solheim on x
    @DarrigoMelanie This is nothing new - Warren Buffett dumped an initial $1 million each into the Obama and Hillary campaigns in 2007, and probably a lot more later. The oligarchs own the politicians: [image]
  • @jahanminoo Jahan Al-Gaib on x
    Biggest source of corruption facing this country is the private money flowing in to our elections. It's why we can't get a single reasonable thing done.
  • @nkingofdc Neil King on x
    The oligarchs get in line. https://www.nytimes.com/...
  • @john_hudson John Hudson on x
    Elon Musk has said he plans to commit around $45 million a month to a new super political-action committee backing Donald Trump's presidential run, sources tell @wsj [image]
  • @benjysarlin Benjy Sarlin on x
    Prepare for some very weird ads
  • @darrigomelanie Melanie D'Arrigo on x
    The legal max a person can donate to a candidate is $3300. But, when billionaires like Elon Musk exploit our broken campaign finance laws to donate $45 million a month to a candidate, we're no longer a democracy and it's no longer an election — it's an oligarchy and an auction. […
  • @kevinrothrock Kevin Rothrock on x
    “Elon Musk has said he plans to commit around $45 million a month to a new super political-action committee backing former President Donald Trump's presidential run.” And we're all using his pet social network! Pat yourselves on the backs, everyone. https://www.wsj.com/...
  • @profbillmcguire Bill McGuire on x
    This is what happens when a world is in the grip of a political - economic system that permits - even encourages - the emergence of billionaires. They win. Democracy loses. https://www.theguardian.com/ ...
  • @teddyschleifer Teddy Schleifer on x
    Dave Rexrode, a top aide to Glenn Youngkin, is helping steer this super PAC.
  • @jhweissmann Jordan Weissmann on x
    Curious if there are any Democratic donors remotely in a mood to counter this on the other side https://www.cnbc.com/...
  • @quinnypig Corey Quinn on x
    If there's one thing Elmo is known for, it's following through on his commitments.
  • @mattyglesias Matthew Yglesias on x
    I guess they really love populists who take on big tech on behalf of the little guy.
  • @tariqkrim @tariqkrim on x
    SAAS elections https://www.wsj.com/...
  • @teddyschleifer Teddy Schleifer on x
    NEWS: Elon Musk Allies Help Start Pro-Trump Super PAC The inner circle of Elon Musk are pooling their billions and putting millions into a new pro-Trump group. https://www.nytimes.com/...
  • @rpyers Rob Pyers on x
    NEW: Our first look at the donors behind America PAC, a SuperPAC that's already spent eight figures to turbocharge the Trump campaign's ground game. [image]
  • @mrwiggles64 @mrwiggles64 on x
    Of course, it's only a problem when it's a right wing pac that's being donated to.
  • @thesampadilla Sam Padilla on x
    This is a really good point. But quite intellectually dishonest since clearly it is not just the Republican Party that has billionaire donors. The underlying problem persists.
  • @internethippo @internethippo on x
    The kiss of death
  • @wholemarsblog @wholemarsblog on x
    Waste of money IMO. Probably won't change the results. Not the kind of ads Tesla customers hoped he'd be spending millions on 😂
  • @eastendjoe Joe G on x
    Campaign finance reform is way overdue!!
  • @silvermanjacob Jacob Silverman on x
    The PAC that Musk is donating $45m/month to will be encouraging mail-in voting, which Musk, Trump, et al have repeatedly — and wrongly — denounced as fraudulent. Just last month, Musk said mail-in voting shouldn't be allowed. [image]
  • @alexnpress Alex Press on x
    lol no better term for anyone who falls for this shtick than “useful idiots.” he was picked to helped secure tech execs' endorsements and donations, which he is now doing, and then to make a play for working-class people, which you're helping him do https://www.wsj.com/...
  • @janemayernyer Jane Mayer on x
    Remember when the Supreme Court said Citizens United wouldn't bring corruption? Exclusive | Elon Musk Has Said He Is Committing Around $45 Million a Month to a New Pro-Trump Super PAC - WSJ https://www.wsj.com/...
  • @silvermanjacob Jacob Silverman on x
    This is insane. Rank plutocracy and legalized corruption. https://www.wsj.com/...
  • @trgenovese Taylor R. Genovese on x
    This is absolutely true, but this person fails to realize that the United States has literally always been this way, from the counter-revolution of 1776 until today. This is nothing new...and it has always been wrong.
  • r/antiwork r on reddit
    Look at this guy who hates unions, pays his workers low and wants slavery back - but has $45m per month for Trump's campaign ....
  • r/moderatepolitics r on reddit
    Elon Musk pledges $45 million per month to a Pro-Trump Super PAC
  • r/DemocraticSocialism r on reddit
    Elon Musk Has Said He Is Committing Around $45 Million a Month to a New Pro-Trump Super PAC
  • r/Conservative r on reddit
    Elon Musk Says He Is Committing Around $45 Million a MONTH to a New Pro-Trump Super PAC
  • r/politics r on reddit
    Elon Musk Has Said He Is Committing Around $45 Million a Month to a New Pro-Trump Super PAC
  • r/EnoughMuskSpam r on reddit
    Elon Musk pledges $45 million a month in Trump super PAC.
  • @katieharbath Katie Harbath on threads
    Interesting - CNN just said Trump talked to Musk this weekend about who he should pick for VP
  • @oneunderscore__ Ben Collins on threads
    Are you a fan of all of those guys who are directly responsible for making the internet an unusable dogshit hellhole?  Well boy do I have a VP for you.
  • @elonmusk Elon Musk on x
    — TRUMP VANCE — Resounds with victory
  • @tweetsintheme Andrew Lebovich on x
    Given that Vance is a Peter Thiel guy and Thiel (along with Elon Musk) seemed to have helped engineer Vance as VP nominee, it's worth revisiting this excellent @lionel_trolling piece on Thiel's obvious fascism: https://www.unpopularfront.news/ ...
  • @jwmason1 JW Mason on x
    The fact that J. D. Vance and Ron Klain worked together at a venture capital fund is really a perfect detail for our times. The fact that the fund was called Revolution is a bit much, tho. https://www.axios.com/... [image]
  • @jstein_wapo Jeff Stein on x
    Hearing A LOT of alarm today among GOP donors & Reaganite conservative types about JD Vance On trade, taxes, unions, antitrust — he's signaled sharp departure from traditional conservatism, despite venture capitalist roots Now he's heir apparent for the party, & Reaganites
  • @elonmusk Elon Musk on x
    Congratulations @JDVance1! Excellent decision by @realDonaldTrump.
  • @zebulgar Delian on x
    IT'S JD VANCE WE HAVE A FORMER TECH VC IN THE WHITE HOUSE GREATEST COUNTRY ON EARTH BABY 🇺🇸🇺🇸🇺🇸 [image]
  • @erikvoorhees Erik Voorhees on x
    The best thing Trump/Vance can do during their administration, since they cannot (and won't) materially reduce the debt situation, is to create four years of permissive space in which crypto may thrive, unpersecuted. Then, its roots seep deeper into the soil of our culture, and
  • @danprimack Dan Primack on x
    Vance only seems to have ever served on one board as a VC: AppHarvest, a Kentucky-based indoor farming startup focused on tomatoes. He left the board in 2021 when he ran for Senate in Ohio. It had recently gone public via a SPAC. In 2023, AppHarvest filed for bankruptcy.
  • @bo_austin_ @bo_austin_ on x
    you should have been there in 2016 man. all the Tim Snyder David Frum Atlantic Mag types couldn't stop talking about this guy JD Vance and how cool he is. Silicon Valley was selling the idea they would create jobs. very funny
  • @dsquareddigest Dan Davies on x
    oh tell me more, did you meet JD Vance in Silicon Valley? Was Peter Thiel there? was it at a party? shall we pitch an article to the Atlantic?
  • @ashleyrgold Ashley Gold on x
    Vance has a lot in common w Biden antitrust enforcers. But those similarities stop when it comes to content issues
  • @eriqgardner Eriq Gardner on x
    JD Vance's wife Usha has represented Disney and Paramount. So I guess that means both VP candidate spouses did entertainment law work.
  • @matthewstoller Matt Stoller on x
    JD Vance is likely going to switch on Lina Khan now, but it's still important he said what he said at a YCombinator conference dedicated to breaking up Google.
  • @lutherlowe Luther Lowe on x
    Fun fact: @JDVance1 was a keynoter at @ycombinator's first policy event in DC, #RemedyFest, held earlier this year. Here is the summary of his remarks & more about that event: [image]
  • @danprimack Dan Primack on x
    The real grade for JD Vance as a VC/tech investor is: Incomplete due to wanderlust He was a junior invstor at Mithril for just 2 years. Then left Revolution after two years. Then left Narya after two years to run for Senate.
  • @shakeelhashim Shakeel on x
    Trump picking J.D. Vance as VP would have huge implications for AI regulation. Vance (a protege of Peter Thiel) has some... interesting opinions here. [image]
  • @goadgatsby @goadgatsby on x
    Mike Pence was a VP pick to appease the Evangelists. Now Trump has completely controlled the religious right and JD Vance is to get the Silicon Valley wealthiest investors on board.
  • @pjux Siri Srinivas on x
    JD Vance is the final boss of VC. Nothing says VC quite like having no expertise in policy or governance one day and suddenly vying to be Vice-POTUS the next.
  • @nikhil_palsingh Nikhil Pal Singh on x
    Guy Laron's description of right-wing populism in Israel is, I think, more generally true. This is the trajectory that JD Vance solidifies and part of the adaptation of Silicon Valley to Trump. What my old friend Jack O'Dell used to call “the okey-doke.” https://catalyst-journal.…
  • @jessicalessin Jessica Lessin on x
    Silicon Valley has long been perceived as of one of the most liberal, Left-leaning places in the world. And now, key Valley figures have boosted Vance into a Republican VP candidate and will play a very big role in trying to get Trump reelected. I think the lesson here is that
  • @eric_seufert Eric Seufert on x
    My sense is that a Trump/Vance administration will result in data restrictions/obligations being enacted similar to those introduced by the DMA in the EU. Trump has been vocally critical of Meta recently, and JD Vance took a hostile stance toward BigTech in his Senate campaign. […
  • @matthewstoller Matt Stoller on x
    Big tech cannot be happy about the Vance pick.
  • @shayne_coplan Shayne Coplan on x
    JD being VP is another huge win for @Polymarket, which favored him earlier than anywhere else Polymarket is officially becoming the internet's source of truth. It's the new news. Only a matter of time before everyone realizes
  • @danprimack Dan Primack on x
    Statement from Colin Greenspon, who co-founded Narya Ventures with JD Vance [image]
  • @zck Zak Kukoff on x
    Peter Thiel's bet on JD Vance early just proves why he's a generational VC
  • @buccocapital @buccocapital on x
    “Thiel [gave] $15M to bolster Vance - the largest amount ever given to a single Senate candidate” Pretty good ROI on $15M [image]
  • @tracewoodgrains @tracewoodgrains on x
    Quick take on Vance: his appointment as VP suggests that the GOP is looking to make an appeal to anti-woke Silicon Valley or finance types to fill the void left by the Republican Party's competency crisis. Right now, there is tremendous asymmetry between the parties in policy
  • @timsweeneyepic Tim Sweeney on x
    Interesting non-partisan observation: At least 75% of the 4 folks on the Presidential (and VP) ballot support FTC Chair Lina Khan's strong stance against big tech monopolization. You have to look back to the days of railroad monopolies to see such unanimity. [image]
  • @mattyglesias Matthew Yglesias on x
    This read of Vance as appealing primarily to businessmen radicalized against wokeness is much more correct than views of him as the harbinger of a new anti-capitalist GOP. In a better world, he'd be a moderate Republican winning a gubernatorial race in California.
  • @anothercohen Alex Cohen on x
    Trump just named JD Vance, a tech investor, as his pick for Vice President. The VCs are going to be insufferable this week
  • @adamjohnsonchi Adam Johnson on x
    R E A L I G N M E N T guys, many backed by the same funders who pushed JD Vance from Silicon Valley to AEI to the Senate, are having a moment rn. Remember their primary function is selling another faux populist GOP rebrand (not to be confused with the ones from 2000, 2009, 2016)
  • @eric_erins @eric_erins on x
    The fact that I see a lot of Silicon Valley types happy about JD Vance tells me everything I need to know
  • @silvermanjacob Jacob Silverman on x
    Vance is an investor in Vivek's Strive Asset Management. He's already been drafted into the larger Thiel network.
  • @vivekgramaswamy Vivek Ramaswamy on x
    So proud of my friend, classmate, and fellow southwest Ohioan today. We used to watch Bengals games at the bar in law school, it's awesome we're now here a decade later with JD joining the strongest presidential ticket in our lifetime. He'll be an outstanding Vice President and I
  • @tylerhnorris Tyler Norris on x
    On JD Vance as a “successful” venture capitalist, a VC I know who attended Yale Law w/ him just texted me this: “Thiel basically backed him so that he could say he had a private sector career & the fund did almost nothing.”
  • @mattturck Matt Turck on x
    America, get ready the VC thought leadership you always wanted 🇺🇸 [image]
  • @elonmusk Elon Musk on x
    I fully endorse President Trump and hope for his rapid recovery [video]
  • @elonmusk Elon Musk on x
    Last time America had a candidate this tough was Theodore Roosevelt
  • @elonmusk Elon Musk on x
    [image]