Tesla CEO Elon Musk has denied reports that surfaced last week that he plans to donate $45 million a month to a super PAC working to elect President Donald Trump.

Musk appeared on Jordan Peterson’s show on Tuesday and said the allegations were “simply not true.” “I’m not giving $45 million a month to Donald Trump,” he said.

“What I’ve done is I’ve created a pack, or a super pack, or whatever you want to call it,” he said. “It’s called the America Pack.”

Super PACs (short for political action committees) are independent political organizations that allow donors to give unlimited amounts, but there are contribution limits on individuals and organizations other than super PACs.

After his interview with Peterson, Musk Reply “Yeah right,” he commented on a clip of X’s interview, as well as another tweet addressing the reports. To tell“Yeah, that’s ridiculous. I donate some money to America PAC, but at a much lower level. The PAC’s core values ​​are supporting meritocracy and individual liberty. Republicans are largely, but not entirely, on the side of meritocracy and liberty.”

The denial came days after Joe Biden dropped out of the presidential race and endorsed Vice President Kamala Harris, who has enough delegates to win the Democratic nomination in August.

Also on Tuesday, The New York Times report The super PAC employed former staffers from Florida Governor Ron DeSantis’ presidential campaign. “The super PAC has created an air of mystery around Trump, with other outside groups knowing almost nothing about its plans,” the Times reported.

But aides to DeSantis’ initial campaign manager, Genera Peck, and Phil Cox, former chairman of the Republican Governors Association, said the campaign was seeking to become one of the major groups supporting Trump, which could help increase its legitimacy within the Republican establishment.

“It’s about promoting the principles that made America great in the first place,” Musk said on Peterson’s show. “I wouldn’t say I’m, like, a MAGA,” he added, referring to Trump’s catchphrase. “I think America is great. I’m more of a MAG, someone who makes America greater.”

Musk did not disclose how much he plans to donate to the PAC.

AmericaPac already has the backing of Musk’s friends and allies in the tech industry, the Times reported. reportJoe Lonsdale, who co-founded the software company Palantir with Peter Thiel, Major Political Donors President Trump’s new running mate is Senator J.D. Vance of Ohio.

The Winklevoss twins, crypto entrepreneurs who have accused Joe Biden of waging a war on cryptocurrencies through regulation, have also contributed to the effort, The Wall Street Journal reports. reportIn June, they praised Trump as a “pro-Bitcoin, pro-crypto and pro-business.”