How Much Will Elon Musk Bet on Donald Trump?
How Much Will Elon Musk Bet on Donald Trump?
Elon Musk has never been afraid to back himself or his opinions. When he’s not running Tesla, X, and SpaceX, he is busy arguing with politicians online and has even offered to fight Meta’s Mark Zuckerberg and Venezuelan president Nicholas Maduro in the ring.
Unlike other figures who shy away from politics, Musk, a staunch Republican, recently joined Donald Trump on stage at a rally to formally endorse him for the upcoming Presidential Election in November 2024.
During the event, which was held at the site of Trump’s attempted assassination, Musk joked he’s “not just MAGA, I’m dark MAGA.”
Also, he recently claimed betting odds are more accurate than the polls, which may suggest he has placed a wager on the upcoming election.
How much will Elon Musk bet on Donald Trump for the 2024 presidential election? Read on for the latest details.
1xBet’s Odds at 1.667 predict a 60% chance that Elon Musk’s bet on Trump for the 2024 US election will be under $10 million ::: Discover the current Odds now HERE
Musk’s Has Gone “All In” on Donald Trump
In addition to attending Donald Trump’s rally in Pennsylvania, Elon Musk may have taken his support one step further.
He has reportedly placed a trillion-dollar bet on Trump to win the 2024 election, which could result in a potential return of $20 to $30 trillion.
While it is unclear if Musk placed the bet, he recently claimed on X that betting odds are “more accurate than polls as actual money is on the line,” suggesting he may place a wager.
At present, the national polls suggest Vice President Kamala Harris has a slight lead over Donald Trump, with odds stating she’ll secure victory at 55%.
However, Musk might be happy to put his money where his mouth is to prove his faith in the 45th President of the United States and his likelihood to return to office in 2025.
Also, he recently told Tucker Carlson that he’s gone “all in” on his gamble that Donald Trump will win the election in November, stating, “If he loses, I’m f****d.”
Also, according to the Wall Street Journal, Musk has announced plans to transfer approximately $45 million per month to a new fund, known as America PAC, to financially back Donald Trump for President.
The fund will be used to promote early voting, voting registration, and mail-in ballots in swing states.
Elon Musk’s Past Financial Risks
Elon Musk has been known to take many financial risks throughout his successful career, and many tend to pay off.
For instance, he took his first risk by dropping out of the Ph.D. program at Stanford University to launch his first company.
Also, he made the brave decision to launch a mass-market electric vehicle in 2006, during a time when the industry was oversaturated, and many auto companies were facing bankruptcy. Since then, Tesla has received a $1 trillion valuation.
Confident in his vision for the future, Musk launched the company SpaceX in 2018. He even claimed, “Creating a rocket company has to be one of the dumbest and hardest ways to make money.”
However, cut to February 2021 and SpaceX received a valuation of $74 billion, with the US Department of Defence and NASA contributing to it.
If Elon Musk has placed a wager on Donald Trump, it’s likely a huge sum of money, as he isn’t afraid to put his money behind his big ideas and opinions.