Musk declined to provide funding.

In the US, there will be a presidential election at the conclusion of this year. The incumbent Democratic President Joe Biden and the outgoing Republican President Donald Trump has entered the race against one another.

Trump has been meeting with wealthy businesspeople who back the Republican Party in an attempt to secure financial assistance, as his campaign is in dire need of finances. After this, rumors circulated that Donald Trump and Elon Musk, the richest American billionaire in the world, had a meeting in Miami, Florida. Political pundits speculated that Joe Biden's chances of winning may drop if Musk backs Trump.

In this instance, Elon Musk declared unequivocally on his official X account that he would not be contributing to either of the presidential candidates from either of the two parties. Despite Musk's refusal to actively support the candidate, political observers who predicted that Musk's statement would hurt Trump pointed out that he could still support political party organizations with donations from his businesses. It is significant that he voiced criticism of the rehabilitation-related policies.