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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
PoliticsU.S. Presidential Election

Elon Musk, having assembled his ‘cavalry,’ says he’ll remain a big player in American politics after the presidential election

By
Sydney Lake
Sydney Lake
and
Alena Botros
Alena Botros
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By
Sydney Lake
Sydney Lake
and
Alena Botros
Alena Botros
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November 5, 2024, 7:35 PM ET
Updated November 5, 2024, 7:35 PM ET
Getty Images—The Washington Post
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Elon Musk, who emerged as one of Donald Trump’s biggest supporters, said on X Spaces Tuesday evening he would continue being involved in American politics after the election.

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This is the same man who previously said former President Donald Trump should “hang up his hat [and] sail into the sunset”. But the Tesla CEO has had quite the change of heart about the former president in the past couple of years since that July 2022 post on X. Indeed, the SpaceX founder had donated at least $132 million to the Trump campaign as of Oct. 26, making him one of Trump’s biggest financial supporters. 

On Tuesday, Musk confirmed he would continue to be involved in politics following the election, saying America PAC would “weigh in heavily” in upcoming midterm and judicial elections.

“America PAC is going to keep going after this election—and preparing for the midterms and any intermediate elections, as well as looking at elections at the district attorney and sort of judicial levels,” Musk said during the X Spaces recording.

Dark MAGA Assemble!
pic.twitter.com/JGqFQ1DTGO

— Elon Musk (@elonmusk) November 5, 2024

Musk has also become increasingly outspoken about Trump over the past month or so, even appearing at Trump campaign rallies. He also infamously began a $1-million-a-day giveaway through his super political action committee, America PAC, in which voters in swing states could be eligible to win the cash prize up until Election Day if they signed a petition in support of the Constitution’s First and Second Amendments. The Philadelphia district attorney’s office tried to shut down that scheme by suing Musk, alleging the sweepstakes violated consumer protection laws and was designed to interfere with the election, but a Philadelphia judge on Monday allowed the giveaway to proceed.

Has Elon Musk voted yet?

The world’s richest man has voted. “Just voted in Cameron County, Texas, home of Starbase!” Elon Musk posted to his social media platform around 4 p.m. EST, accompanied by a photo of himself and what seems to be poll workers. He didn’t explicitly say who he’s voting for, but we can guess: former president and Republican nominee Donald Trump. 

Starbase is a rocket launching facility for one of Musk’s many companies that he seemingly manages to run while fiercely campaigning for Trump, whether it be via at least $132 million in donations to elect him and other Republicans, physically showing up on the campaign trail, or appearing on Joe Rogan’s podcast. 

Just voted in Cameron County, Texas, home of Starbase! pic.twitter.com/dE8oRGlI4p

— Elon Musk (@elonmusk) November 5, 2024

On Tuesday, Musk also insinuated he had a massive crowd backing him and Trump.

“The cavalry has arrived,” Musk posted on X Tuesday afternoon. “Men are voting in record numbers. They now realize everything is at stake.” 

The cavalry has arrived.

Men are voting in record numbers.

They now realize everything is at stake.

— Elon Musk (@elonmusk) November 5, 2024

Trump’s appearance on Joe Rogan’s podcast likely appealed to young male voters, a popular demographic of the podcast. 

“I think Trump is trying to drive up his vote among men,” Whit Ayres, a veteran Republican pollster, told ABC News. “I haven’t seen a whole lot of outreach to women.”

What today’s election feels like!

🇺🇸🇺🇸🇺🇸Team America 🇺🇸🇺🇸🇺🇸 pic.twitter.com/uwlscqDzMz

— Elon Musk (@elonmusk) November 5, 2024

However, women outpaced men in early voting this year, according to national polling firm TargetSmart. Plus, its data shows early voting among males has only slightly increased since the 2020 election. In 2020, 43.8% of males voted early, with 44.2% casting their ballot early this year. By comparison, 53.3% of women voted early this year.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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Sydney Lake
By Sydney LakeAssociate Editor
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Sydney Lake is an associate editor at Fortune, where she writes and edits news for the publication's global news desk.

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By Alena BotrosFormer staff writer
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Alena Botros is a former reporter at Fortune, where she primarily covered real estate.

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