Elon Musk-Led Election Falsehoods Hang Over Vote as Tally Begins

(Bloomberg) -- An ultra-rich American pouring tens of millions of dollars into a presidential race is nothing new. Nor is lobbying for their business interests or vying for a position in the next administration.

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But in what could prove to be a consequential shift, the world’s richest man has become one of the most prominent propagators of falsehoods, leading other billionaires and business executives in favor of their preferred candidate.

Elon Musk has used X, the social media platform he bought for $44 billion in 2022, to unleash misinformation about immigration and voter fraud and make claims that are deceptive and impossible to verify.

In the early hours of Tuesday morning, before Americans lined up at polling places, he continued to echo some of the same themes to his 203 million followers, responding “!” to a misleading video that claimed a nonprofit was encouraging undocumented immigrants in Pennsylvania to vote illegally.

Musk, who’s worth $263.8 billion according to the Bloomberg Billionaires Index, has become Republican candidate Donald Trump’s most high-profile donor and supporter, campaigning alongside him and funding his ground game in swing states. He didn’t respond to a request for comment.

“I can’t think of anyone who has spent as much time with as big of a mic as Elon Musk, who has spent time talking about voter fraud,” said Justin Grimmer, a political science professor at Stanford University and an expert with the MIT Election Data and Science Lab. “They’re laying the groundwork for more people to be wrapped up in this vague sense that something is wrong even when there’s no hard evidence that there is.”

Grimmer, who has done research on voter fraud in the US, said while it does happen, it’s very rare and never enough to sway the results of an election. He also said there has never been any evidence of systemic voter fraud.

Musk also engages with influential, like-minded users including hedge-fund billionaire Bill Ackman and Sequoia Capital general partner Shaun Maguire — an investor in several of Musk’s companies — who hype pro-Trump posts to their own Wall Street and Silicon Valley audiences.

At times this content has been misleading, too.

After the presidential debate, Ackman and Maguire both expressed outrage over a “whistleblower affidavit” attributed to an unidentified ABC News employee that claimed the network shared questions with the Harris campaign in advance. No evidence emerged to back up the claims, which were shared from an anonymous X account. (The account, called “Black Insurrectionist,” could be traced to a white man in upstate New York who was repeatedly accused of defrauding business partners and lenders, the AP reported.)