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Elon Musk-Backed Super PAC Ramps Up Political Spending

Elon Musk Tesla Tesla CEO Elon Musk attends the VivaTech conference in Paris

A super PAC that received support from Elon Musk has disclosed significant new political spending, totaling about $6.7 million this week. The group, known as America PAC, has directed a substantial portion of these funds towards the presidential race and various House races.

According to recent filings with the Federal Election Commission, America PAC allocated $4.2 million towards the presidential race and over $2.5 million across fifteen competitive House races. The spending includes investments in canvassing efforts, digital advertising, and printing/postage.

Since its formation in May with assistance from Musk, America PAC has now spent more than $72 million during this election cycle. The bulk of this expenditure, over $67 million, has been channeled into the presidential race, with a significant portion being utilized after Kamala Harris joined the Democratic ticket. Additionally, the group has allocated approximately $5 million towards House races it is actively involved in.

$4.2 million was allocated to the presidential race.
America PAC received $6.7 million in new political spending this week.
Over $2.5 million was directed towards fifteen competitive House races.

Notably, America PAC's substantial spending on canvassing in the presidential race, exceeding $42 million, has provided crucial support to the Trump campaign. This assistance has been particularly valuable as the Trump campaign faces challenges in matching the fundraising and operational capabilities of the Harris campaign.

Overall, America PAC's increased political activity underscores Elon Musk's growing influence in the realm of political spending and highlights the significant role that super PACs play in shaping electoral outcomes.

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