Tesla's Musk says autonomy to move ‘financial needle' end of 2025 to mid-2026
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Elon Musk Donated $15 Million To Trump's MAGA And GOP Just 3 Days Before His Third Party Bid
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Yahoo
2 hours ago
- Yahoo
Elon Musk Donated $15 Million To Trump's MAGA And GOP Just 3 Days Before His Third Party Bid
Elon Musk, the CEO of Tesla Inc. and SpaceX, donated $15 million to President Donald Trump and the Republican Party, days before he called for the formation of a third party. Musk's Donations Disclosed In Campaign Finance Report Musk made the donations in late June. The donations were disclosed in the campaign finance reports of the pro-Trump MAGA Inc., Senate Leadership Fund, and Congressional Leadership Fund super PACs, reported CNN. On June 27, Musk contributed $5 million each to pro-Trump MAGA Inc., the Senate Leadership Fund and the Congressional Leadership Fund. The donations were disclosed in the campaign finance report of each entity. However, on June 30, he threatened to establish a third party, the America Party, if Congress passed the 'big, beautiful bill.' Musk also donated over $45 million to the America PAC in the first half of 2025. Don't Miss: Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics—now it's your turn to This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — You Can Become an Investor for Just $500.25 Trump's MAGA Inc. Raises Nearly $200 Million For 2026 Midterms The Republican Party, under Trump's leadership, has been aggressively fundraising for the 2026 midterm elections. Trump's super PAC, MAGA Inc., raised $177 million in the first half of the year, leaving it with nearly $200 million in available funds. Besides Musk, the donor list featured billionaire Wall Street trader Jeffrey Yass with a $16 million contribution, cosmetics heir Ronald Lauder with $5 million, and Silicon Valley investor Marc Andreessen, who donated $3 million. Trump-Musk Rift Complicates SpaceX's Role In US Defense Musk's relationship with the Trump administration has been tumultuous since he left in late May. Musk's donations to the Republican Party and his subsequent change of heart are noteworthy in the context of the current political landscape. Musk has been publicly critical of Trump's policies, such as the axing of subsidies on renewable energy. This criticism has been accompanied by Musk's assertion that SpaceX won NASA contracts by delivering superior performance at lower costs. Meanwhile, the Trump administration's reported consideration of other partners, including Amazon's (NASDAQ:AMZN) Project Kuiper, for the Golden Dome missile defense system has raised questions about SpaceX's future role in national defense projects. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom Image via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Elon Musk Donated $15 Million To Trump's MAGA And GOP Just 3 Days Before His Third Party Bid originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
2 hours ago
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Tesla to Pay $243M After Jury Finds It Partly Liable for Fatal Autopilot Crash
Table of Contents Tesla to Pay $243M After Jury Finds It Partly Liable for Fatal Autopilot Crash A federal jury in Florida has found Tesla to be partly liable for a fatal car crash that occurred in 2019 involving its self-driving feature Autopilot. Elon Musk's electric vehicle company must now pay $243 million in damages as a result of the judgment, multiple reports Friday said. Prosecutors filed charges back in 2022 alleging that the driver didn't brake in time when approaching a T-intersection while driving his Tesla Model S with Autopilot active, and as a result killed two passengers in the car he collided with. A Tesla spokesperson told TechCrunch Friday that the verdict is "wrong" and will "set back automotive safety and jeopardize Tesla's and the entire industry's efforts to develop and implement life-saving technology." Tesla plans to appeal, according to the statement. Tesla didn't immediately respond to CNET's request for comment. In California, Tesla is currently in the courts for another case involving Autopilot, where the state DMV is suing for allegations of false advertising and misleading customers. The California DMV alleges that Tesla is misrepresenting the capabilities of its advanced driver assistance systems by naming them "Full Self-Driving" and "Autopilot," and is seeking a 30-day suspension of Tesla's license to sell vehicles in the state.
