Monday, March 17, 2025

Elon Musk to donate $700 million to Donald Trump

The unusual rivalry between the US president and the CEO of a car brand continues. Now Elon Musk wants to donate 700 million kroner to Donald Trump.

Elon Musk wants to set the record for single donations to Donald Trump and the MAGA movement in the United States.

Specifically, the Tesla director has promised to cough up $100 million, equivalent to just under 700 million Danish kroner, for the political movement.

The New York Times writes.

If the donation goes through, it will be the largest amount an American president has ever received from a single donor.

The funds will likely be used to strengthen the Republican Party's control of the House of Representatives and the Senate in the upcoming midterm elections, the media outlet believes.

Elon Musk previously spent around $290 million to support Trump's election campaign last year.

The news about the many million dollars also comes at a very remarkable time.

The timing of the news is notable. Just hours before the New York Times published its story, Musk and Trump participated in a Tesla commercial directly in front of the White House.

All this shortly after Tesla's shares fell significantly. With five Tesla electric cars in the background, including a Model S and a Cybertruck, Trump told reporters that Musk was being subjected to unfair criticism and boycotts.

Trump also used the media attention to announce that he wanted to buy a Tesla.

– I want to buy one because, first of all, it's a good product, as good as it gets.

"Secondly, because he (Elon Musk, ed.) has donated his energy and his life to do it, and I think he is being treated very unfairly," Trump said, referring to the recent protests against Tesla.

However, Trump is not the first president to publicly come out and more or less directly support a car brand.

His predecessor Joe Biden has purchased a Ford F-150 Lightning, among other things. However, the Tesla event that took place at the White House seemed more like a media stunt than anything else.

At the same time, Tesla must deal with the fact that some people cannot hold back their anger towards the car brand.

Several Teslas have already been burned down in the suburbs of Berlin, and there have been attacks on Tesla stores in both France and the United States.

Latest

Don't miss

Bill would ban police speeding ticket quotas

In the US state of Ohio, people have had...

Tesla stock collapses – 500 billion kroner is gone

Tesla's stock is well on its way to collapse....

FDM calls tax on drivers illegal

In many places, parking companies have started sending parking...

New V12 diesel engine has 1,300 horsepower

The German machinery manufacturer Liebherr is now ready with...

Downturn at car giant – immediately lays off 1,600 people

Volkswagen's subsidiary Cariad, which develops the software for the...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

Seat says no to electric cars for 2030

There will be no electric cars from the Spanish VW brand Seat. At least not for 2030, says the CEO. Seat will not have...

Nissan's new boss wants to revive the Silvia and Pulsar GTI-R

Nissan's new director is named Ivan Espinosa. And he has always dreamed of reviving both the Silvia and the hot hatch Pulsar GTI-R. Back...

Kia EV3 hit by embarrassing error – opens doors in car wash

The new Kia EV3 opens its doors when parked for a wash at the car wash. Kia is not yet able to fix the...

Wanted to burn down Tesla charger – set himself on fire

In protest against Elon Musk, a man from South Carolina, USA, wanted to burn down one of Tesla's charging stations. He ended up setting...

England reverses ban on hybrid cars from 2030

They were supposed to be banned in just five years. But now the British government is backtracking and will allow new hybrid cars after...

Trump stops rules forcing car brands to sell electric cars

When he became president of the United States two months ago, Donald Trump promised in many ways to put an end to the electric...

Trump: People behind Tesla attack should be prosecuted as terrorists

Donald Trump has no doubt that the people who have recently done everything from vandalizing cars to shooting at Tesla stores should be prosecuted...

Mercedes' smallest electric car weighs more than an S-Class

The new CLA is the smallest electric car from Mercedes so far. However, the new car weighs more than an S-Class. It hardly comes...

Tesla strikes back – tops sales list again

Tesla is not something you can just knock off the stick. After 2 months of decline, the brand is back at the top of...

Volkswagen pays fired director over 80 million a year

When Herbert Diess stepped down from the CEO position at Volkswagen in 2022, it wasn't without compensation. In fact, VW still pays him more...

Clarkson, Hammond and May return on Amazon Prime

With a new program titled 'The not so great tour', the host trio Clarkson, Hammond and May return to Amazon Prime, which they otherwise...

Oil giant regrets – more oil, less renewable energy

Oil giant BP will reduce its investments in renewable energy. The money - 30 billion Danish kroner - will instead be used to extract...