Elon Musk, the world's richest man, and US President Donald Trump have recently had a heated argument and threatened to form a new political party. However, not only has there been no progress in establishing a third political party, Musk has also recently donated more funds to Trump's Republican Party.
Based on media reports such as CCTV News,Musk donated US$5 million to each of the two major Republican super PACs on June 27, becoming the largest individual donor in the first half of 2025..
According to reports, the two super political action committees are the Congressional Leadership Fund and the Senate Leadership Fund.
However, even though Musk is the largest individual donor, his contributions still represent only a small portion of the funds raised by the two super PACs. In the first half of this year, the Congressional Leadership Fund raised $32.7 million, while the Senate Leadership Fund raised $26.4 million.
This shows thatDespite previous tensions with Trump and his plans to form a third party, Musk still strongly supports the Republican camp before the midterm elections..
In addition, Musk also invested more than $45 million in the "American Political Action Committee" he founded.
Previously, Musk publicly had a fierce dispute with Trump. The core of the conflict between the two was the massive tax and spending bill that Trump pushed for, the "Big and Beautiful" bill. The bill is considered to undermine the efforts of the Department of Government Efficiency and is not conducive to the new energy industry, thereby harming the interests of Musk's company.
Musk also blasted Republicans for voting in favor of a bill that would significantly expand the deficit. After the "Big and Beautiful" bill passed Congress and was signed into law by Trump, Musk announced the establishment of a new political party "American Party" on July 5. However, nearly a month after making the announcement, Musk has yet to register the party.
Tesla investor James Fishback commented that Musk proposed forming a political party just to "vent his emotions" and respond to Trump's "big and beautiful" bill.
Musk spent $290 million last year to support Trump and other Republicans. During the first months of the Trump administration, he also served as head of the Department of Government Effectiveness (DOGE) to help the government cut costs. Musk's role in the Trump administration has aroused strong dissatisfaction among the American people and caused huge trouble for his companies, especially Tesla.
In May, Musk vowed to refocus on Tesla, his artificial intelligence startup xAI and other aspects of his business empire, and to cut political spending.
He hinted at the time that he would no longer make political donations for the time being. "If I thought there was a reason for political spending in the future, I would do it. But I don't see any reason at the moment," he told the Qatar Economic Forum.
However, Musk's space exploration technology company SpaceX recently warned in an offer document sent to investors that the billionaire may return to U.S. politics.
Meanwhile, tensions between Trump and Musk appear to have eased. Last week, Trump wrote on his social media platform, Truth Social: "I hope Elon and all the businesses in our country prosper, even more than ever before!"