Billionaire Elon Musk said Wednesday that he is not donating to the Joe Biden or Donald Trump presidential election campaigns.
"Just to be super clear, I am not donating money to either candidate for US President," Musk wrote in a tweet.
Musk's comments follow a report by The New York Times on Tuesday, which said he had recently met with Trump. The report said Trump and his team are working to find additional donors.
In a research note Wednesday, analysts said Trump has likely cleared the final hurdle to secure the Republican nomination.
"As expected, former President Trump's results were very strong on Super Tuesday (Mar. 5), as he is likely to win 14 of the 15 state nomination contests, as of this writing," they explained.
"With around half of all Republican delegates now pledged, Trump has won around 90% of them and has all but formally secured the Republican nomination," they added.