financetom
Business
financetom
/
Business
/
Workers at Musk's Tesla, SpaceX and X donate to Harris while he backs Trump
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Workers at Musk's Tesla, SpaceX and X donate to Harris while he backs Trump
Sep 23, 2024 12:50 AM

Sept 18 (Reuters) - Billionaire Elon Musk has endorsed

Republican former President Donald Trump in the race for the

White House, but employees at his collection of companies are

largely donating to Trump's Democratic rival Kamala Harris.

Workers at Tesla have contributed $42,824 to

Harris' presidential campaign versus $24,840 to Trump's

campaign, according to OpenSecrets, a nonpartisan nonprofit that

tracks U.S. campaign contributions and lobbying data.

Employees at Musk's rocket company SpaceX have donated

$34,526 to Harris versus $7,652 to Trump. Employees at the

social media platform X, formerly known as Twitter, have donated

$13,213 to Harris versus less than $500 to Trump.

While the figures are relatively small for campaign

fundraising, they indicate political leanings at odds with

Musk's own. The world's richest man, Musk has boosted Trump on X

and dismissed left-leaning ideas as a "woke-mind virus."

Musk did not immediately respond to a request for comment.

He backed President Joe Biden in 2020 but has tacked rightward

since then. Trump has said that if he wins the Nov. 5 election,

he will appoint Musk to lead a government efficiency commission.

The OpenSecrets data includes donations from company

employees and owners and those individuals' immediate family

members. Campaign finance laws prohibit companies themselves

from donating to federal campaigns.

Many of Musk's employees are based in California, a

Democratic stronghold, said Ross Gerber, CEO of Gerber Kawasaki

Wealth and Investment Management, which is a Tesla shareholder.

Gerber is also an investor in X.

In July, Musk said he would move X and SpaceX headquarters

to Texas from California because of a California gender-identity

law he called the "last straw." Gerber said such a move would

mean "losing out on a lot of potential talent" in California.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved