Elon Musk 'Undecided' on Supporting Donald Trump, Teases $25m Super PAC

Elon Musk said on Tuesday that he is "undecided" on whether he would support former President Donald Trump or Florida Governor Ron DeSantis in the upcoming 2024 U.S. general election, and said that he plans to invest "around $20 to 25 million" in a super PAC to support moderate political candidates.

The Tesla and SpaceX founder was interviewed virtually at Bloomberg's Qatar Economic Forum in Doha.

Asked by Bloomberg News Editor-in-Chief John Micklethwait about who he would support at the 2024 General Election and whether he would back Trump, Musk said he was undecided, but had previously indicated that he could throw his weight behind Florida Governor Ron DeSantis, if he decides to run.

Asked again directly if he would support Trump, Musk dodged the question, responding: "I think I'm undecided at this point on that election."

Musk also plans to create a "Super Moderate Super PAC" that supports political candidates with centrist views.

Asked how much money he would invest in such a PAC group, Musk said it would be "a non-trivial" amount. Pushed for a precise amount, he said: "Perhaps it would be $20 to 25 million."

Musk was also asked about the planned layoffs at Tesla. He clarified that Tesla will be laying off around 10 percent of its salaried workers "over the next three months or so".

The news originally broke two weeks ago, after a Reuters report revealed Musk sent an email to employees about having to make job cuts and the memo included that he felt "super bad" about the global economy.

Asked again about it by Micklethwait, Musk said: "A recession is inevitable at some point. As to where there is a recession in the near term, I think that is more likely than not. It's not a certainty but it appears more than not."

Musk has said that two-thirds of Tesla's roughly 100,000 staff are paid hourly and one third is salaried.

"We expect to grow our hourly workforce... but we grew very fast on the salaried side and we grew a little too fast in some areas and so that requires a reduction in salaried workforce. We're about two-thirds hourly and one-third salary so technically a 10 percent reduction in the salaried workforce is roughly only a 3 to 3.5 percent reduction in total headcount," Musk said.

But he said that in a year, the company's headcount would higher in both salaried workers and hourly workers.

On Sunday, two former Tesla employees filed a lawsuit Texas-based car company, alleging it violated U.S. federal laws on "mass layoffs."

In the interview, Musk attempted to dismiss the lawsuit. "Let's not read too much into a preemptive lawsuit that has no standing... Anything that is related to Tesla gets big headlines whether it is a bicycle accident or something much more serious.

"It seems that anything related to Tesla gets a lot of clicks – whether it is trivial or significant. I would put that lawsuit you are referring to in the trivial category."

Elon Musk Met Gala
Elon Musk attends The 2022 Met Gala Celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 02, 2022 in New York City. Musk said on Monday that he was “undecided” on whether he would support former President Donald Trump or Florida Governor Ron De Santis is the upcoming 2024 U.S. general election. Dimitrios Kambouris/Getty Images for The Met Museum/Vogue/Getty