Why Bernie Sanders is thanking Elon Musk

U.S. Sen. Bernie Sanders on Tuesday took the unusual step of applauding Elon Musk—but not for reasons that the Tesla CEO and world's richest man would likely find flattering.

In the wake of reports indicating that Musk plans to inject $45 million per month into a new super PAC supporting former President Donald Trump's bid for another four years in the White House, Sanders (I-Vt.) thanked Musk for doing "an exceptional job of demonstrating a point that we have made for years—and that is the fact we live in an oligarchic society in which billionaires dominate not only our economic life and the information we consume, but our politics as well."

"And let me be clear. While the size of Musk's financial contribution is particularly egregious, he is not alone in attempting to buy this election to further his own needs," Sanders continued. "Other billionaires are also playing a significant role—in both political parties. Oh, I know... here goes Bernie Sanders again about Citizens United and the role of money in politics. I have no shortage of critics who accuse me of being boring and of hammering away at the same themes year after year after year."

"They're probably right. I am repetitious, but that’s because the problems we care about are only getting worse," he added. "Let's be clear. It has never made sense to me, then or now, that a tiny clique of people should have incredible wealth and power while most people have none."

"While people like Elon Musk try to buy elections for Donald Trump, people who work for low wages, have no health insurance, can't afford prescription drugs, and can't find affordable housing are giving up on politics."

Citing unnamed sources, The Wall Street Journal and Bloomberg reported earlier this week that Musk has pledged to donate $45 million per month to America PAC, whose founding donors include ultra-rich tech investors who are part of Musk's social circle. The New York Timesseparately reported that "one leader of America PAC told a friend that the group expected to have a major donor who would make donations in four batches, adding up to as much as $160 million over the course of the campaign."

The Journal and Bloomberg stories—which Musk denied with a meme that included the words "fake gnus"—followed reports that Musk had already given the super PAC a substantial sum of money despite his March declaration that he is "not donating money to either candidate for U.S. president."

Musk formally endorsed Trump on X—the social media platform Musk owns—following an assassination attempt against the former president this past weekend in Pennsylvania. Conspiracy theories about the attempt on Trump's life proliferated rapidly on X, with the help of Musk himself.

The Tesla CEO's name did not appear on America PAC's disclosure filings for June, which could mean that he donated to the PAC earlier this month.

Musk, who is worth over $250 billion, is one of more than a dozen billionaires supporting Trump and his newly chosen running mate, Sen. JD Vance (R-Ohio). Axios and the Times reported Tuesday that Musk personally lobbied Trump to make Vance his vice presidential pick.

Musk and other U.S. billionaires got $1 trillion richer during Trump's first four years in office, gains fueled by massive tax cuts he signed into law in 2017.

Sanders wrote in his email Tuesday that Musk's influence on the 2024 election could be particularly pronounced given his ownership of X, the social media platform formerly known as Twitter.

Musk, Sanders wrote, has used the platform "to amplify the voices of conspiracy theorists who deny the results of the last election and spread the dangerous idea that Democrats want to allow mass, undocumented migration to the country to replace, electorally, the votes of white people."

"The reality is that while people like Elon Musk try to buy elections for Donald Trump, people who work for low wages, have no health insurance, can't afford prescription drugs, and can't find affordable housing are giving up on politics," the senator continued. "They see the rich getting richer as they use their wealth to buy influence, and wonder whether anyone in Washington even knows what is going on in their lives."

Sanders argued that to end the pernicious political influence of Musk and other billionaires, it is essential to elect candidates who support overturning Citizens United v. Federal Election Commission, the 2010 Supreme Court decision that spawned the super PACs now playing a massive role in the nation's elections.

"It is an issue that should concern all Americans—regardless of their political point of view—who wish to live under a government that represents all of the people and not just a handful of powerful special interests," Sanders wrote. "Taking action is not just good politics, it is also good policy. Because the truth is, campaign finance reform is the most important issue facing us today, because it impacts all the others."