Elon Musk is not spending $45 million a month to elect former President Donald Trump, though he has created a new super political action committee (PAC) to fund the Republican candidate, the billionaire told conservative commentator Jordan Peterson during an interview Monday evening.

During the interview, which was hosted on Musk’s platform, X, Peterson asked Musk if he had “shocked” himself by donating a substantial amount of money to Trump’s campaign. Musk – who has previously criticized Trump, calling him a “bull in a china shop” – paused to correct the “media.”

“What’s been reported in the media is simply not true,” Musk said. “I am not donating $45 million a month to Trump.”