There are two schools of thought:
(1) Musk is a machiavellian operator and with his money, the PACs will increase the scope of their message, a few of the PACs that have been identified are proponents of the 2025 project (aka. Extreme right-wing policies, shut down the justice department, abolish federal taxes etc etc). This will show Americans the extreme corruption of the American republican party.
(2) Musk has a more pressing objective. It is well known that almost all of his focus now is on SpaceX, and not on Tesla. A large part of the GOP's platform is anti-Tesla, but if like with Twitter he no longer cares it means he is ready to sacrifice Tesla for a more important goal.
In his tactical mind, Tesla will survive for at least a decade which is the time he needs to make his Mars mission a reality. It is well known that Elon Musk has discarded projects in the past when he saw they were not going anywhere really useful. Paypal is only one of thousands of payment systems now. It is more than likely that Musk has decided, even if it is subconsciously, that sacrificing 300 million Americans to a dictatorship was an efficient way of achieving his goal, then his support for the GOP makes sense.
Musk is concerned with the future of humanity, and not humans. He has decided that our future is better assumed if we have two or three planets available. For example, the recent discovery of massive caverns on the Moon is important. to building a moon colony
For someone like Elon Musk who had the ability and resources to change the world, the destruction of a single society is not even a consideration.
Honestly, there is no way that Elon Musk doesn't see what Donald Trump and his friends are, but he may have concluded that transactionally the GOP will be better for SpaceX than the Democrats -- let's not forget that in 2022 the White House had a meeting of the "leaders of the electric car industry in America" and Tesla that accounted for nearly 80% of all electrical vehicles sold in the US, was purposefully excluded and that Ford that produced less than 1,000 electric vehicles was hailed as the hero. For a person like Musk, it is a realization that the Democrats are even worse than the Republicans...
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