Tesla and SpaceX founder Elon Musk shot back at reports that he’s donating $45 million each month to boost former President Donald Trump’s campaign, telling Dr. Jordan B. Peterson in a live DailyWire+ interview earlier this week that media’s reporting “is simply not true.”

Musk, who supported Hillary Clinton in 2016 and Joe Biden in 2020, “fully” endorsed Trump shortly after the former president was shot in the right ear by a 20-year-old gunman’s bullet at a campaign rally in western Pennsylvania on July 13. The billionaire entrepreneur has become increasingly critical of the Democratic Party and what he calls the Left’s support of the “woke mind virus.”

After Musk endorsed Trump, The Wall Street Journal reported that Musk would be donating $45 million a month to his newly formed America PAC to help elect Trump in November. Trump commented on Musk’s reported donations during his rally on Saturday, saying, “He didn’t even tell me about it,” Fox Business reported. In his interview with Peterson on Monday and in a social media post on Tuesday, however, Musk denied that he was donating the massive monthly sum to support Trump.

“What’s been reported in the media is simply not true. I’m not donating $45 million a month to Trump,” Musk told Peterson. “What I have done is created a PAC [political action committee] or Super PAC … the America PAC.”

Later in the interview, Musk distanced himself from Trump’s campaign slogan, “Make America Great Again,” saying “the intent” of his America PAC “is to promote the principles that made America great in the first place.”

“So I wouldn’t say that I’m … MAGA, ‘Make America Great Again,’ I think America is great,” Musk added. “I’m more MAG – ‘Make America Greater.’”

“The intent is to promote the principles that made America great in the first place. So I wouldn’t say that I’m MAGA, ‘Make America Great Again,’ I think America is great. I’m more MAG – ‘Make America Greater.’”@elonmusk tells @jordanbpeterson why he created a super PAC to help… pic.twitter.com/UQX25Vrzn7

— Daily Wire (@realDailyWire) July 22, 2024

On Tuesday, Musk followed up by responding to a tweet, calling the media’s reporting of his political donations “ridiculous.”

“I am making some donations to America PAC, but at a much lower level and the key values of the PAC are supporting a meritocracy & individual freedom,” he wrote. “Republicans are mostly, but not entirely, on the side of merit & freedom.”