Elon Musk now says he won't donate to Trump or Biden after meeting with Republican at Mar-a-Lago sparked speculation he would use his $200billion in the 2024 race

Elon Musk said Wednesday that he will not be donating to any presidential campaigns in 2024.

The billionaire Tesla and SpaceX owner put an end to speculation he was considering pumping funds into Donald Trump's campaign after the two met at Mar-a-Lago over the weekend.

'Just to be super clear, I am not donating money to either candidate for US President,' Musk wrote in a post to his social media site X, formerly Twitter.

Trump and Musk met at the former president's Mar-a-Lago golf club in Palm Beach, Florida the Sunday before Super Tuesday – along with a few wealthy Republican donors, according to the New York Times.

The meeting immediately stirred speculation that Musk could bankroll the Republican presidential hopeful's campaign as they seek a cash injection amid rapid spending on lawsuits. 

Tesla, X and SpaceX CEO Elon Musk put an immediate end to speculation he would financially back Donald Trump by saying he won't donate to any presidential candidate in 2024

Trump had sweeping victories on Super Tuesday against Nikki Haley – winning 14 of the 15 states that held Republican primary contests. Haley finally dropped out of the race on Wednesday

Trump won 14 of the 15 states that voted in Republican presidential primaries on Super Tuesday. His last competitor, former U.N. Amb. Nikki Haley, finally suspended her bid following the defeat on Tuesday, but still refused to back Trump's 2024 bid. 

Musk is currently the second richest man in the world, with an estimated fortune of $200 billion.

The Tesla founder has become more political in recent weeks and has been posting on social media platform X blasting Democrat Joe Biden's woke policies and specifically the administration's handling of the border crisis.

He has not endorsed any candidates, but theorized that Democrats are pushing open border policies in an attempt to 'import' voters for 2024.

On Tuesday, Musk shared a DailyMail.com article that detailed how 320,000 undocumented migrants had been flow into the U.S. by the Biden administration in 2023, and warned it is 'highly probable that the groundwork is being laid for something far worse than 9/11.'

Trump has privately praised the tech mogul to his allies and hopes to secure a one-on-one meeting soon, according to a source.

The former president may be seeking funding amid mounting financial woes stemming from legal troubles.

He currently owes more than $454 million for judgements in New York, after a jury ordered him to pay up for defaming his rape accuser E. Jean Carroll and a separate civil fraud trial saw him fined $364 million.

The legal fees associated with the trials and other charges are said to have cost him around $50 million. 

Elon Musk met with Donald Trump in Palm Beach, Florida on Sunday amid the presidential hopeful's bid to secure more funding for his campaign, according to sources

Those close to Musk also confirmed he believes Biden needs to be removed from office in November, according to the NYT. 

However, his relationship with Trump has previously been somewhat tumultuous.

In 2017, he stepped down from two business advisory councils following Trump's  decision to pull out of the Paris climate agreement. In 2022, Trump called him an expletive, with Musk responding it was time for the ex-president to 'sail into the sunset.'

Unlike other billionaires, Musk has not spent heavily on political donations but has previously given to both the Republicans and Democrats. 

Musk personally has provided funding to politicians including Hillary Clinton, Barack Obama, Marco Rubio, George W. Bush and John Kerry.

His companies Tesla and SpaceX, have benefited from federal government contracts and subsidies.

Those close to Musk also confirmed he believes Biden shouldn't get a second term in 2024

Unlike other billionaires, Musk has not spent heavily on political donations and has previously given to both the Republicans and Democrats, including Barack Obama

However, in recent years, Musk has seemingly leaned more towards the GOP.

This may be in part due to a snub by the Biden administration in 2021 after they failed to invite Tesla to a summit on electric vehicles.

'Let's not forget the White House giving Tesla the cold shoulder, excluding us from the EV summit,' Musk wrote in December, more than two years after the sleight.

The following year he encouraged his followers on X, formerly Twitter, to vote in a Republican Congress ahead of the midterms.

More recently Musk appeared to criticize podcast host Bill Maher, after the comedian said he would vote for Biden over Trump in almost every circumstance.

'Trump Derangement Syndrome (TDS) is a very real disease,' Musk wrote on X.

Musk criticized Biden's immigration policy, citing a DailyMail.com article which detailed how 320,000 unvetted migrants have been allowed into the US

But his relationship with Trump has previously been rocky, with the two trading barbs in 2022

After Musk purchased the social media platform Twitter in 2022, he reinstated Trump's account after it was suspended in the wake of January 6.

Musk has generally railed against left-leaning 'woke' policies and has repeated right wing rhetoric on immigration. 

'America will fall if it tries to absorb the world,' Mr. Musk posted on X on Tuesday. 

He also suggested that Democrats are 'ushering in vast numbers of illegals' to commit voter fraud, despite no evidence to support this. 

Early in the Republican primary season, Musk gave signs he backed Florida Governor Ron DeSantis.

DeSantis kicked off his campaign with a live streamed interview with the billionaire, however this did not materialize into a donation.