Elon Musk Revocable Trust

The Elon Musk Revocable Trust holds much of Elon Musk's personal wealth, including his Tesla shares, according to Tesla's Form 4 filings with the US Securities and Exchange Commission, which name Musk as its trustee. In the 2026 midterms the trust gave $10m on 21 August to Lone Star Liberty PAC, a Super PAC spending against Democrat James Talarico in the Texas Senate race, according to that committee's October quarterly report to the FEC.

The trust is one of several channels for Musk's political money. His own Super PAC, America PAC, reported $88.87m of receipts in the third quarter, all given by or attributed to Musk, and paid for mailings in Senate races including Michigan and Ohio. In Texas, outside committees had already spent heavily before naming any donor.

Gifts from the trust appear on recipients' reports under the trust's name, not Musk's, so a search of FEC records for Musk alone misses them. In 2024 the trust gave to a Texas committee backing appeals court candidates, Bloomberg Law reported.