Elon Musk announced Wednesday that he has no intention of donating money to either President Biden or former President Trump's presidential campaigns.

Why it matters: The statement is by no means definitive since, as tweeters immediately pointed out, he could still give to a super PAC or another fund that benefits a candidate.

• Musk's statement came after he allegedly met with Trump in Florida over the weekend, as he reportedly seeks a cash infusion for his campaign, the New York Times reported.

What they're saying: "Just to be super clear, I am not donating money to either candidate for US President," Musk wrote on X Wednesday.

State of play: While the results of Super Tuesday paved the way for a Biden-Trump rematch in November, the candidates' campaigns find themselves in different financial positions.

• Trump's mounting legal fees are draining his campaign war chest, while the Biden campaign has a significant cash advantage.
• Musk is one of the richest people in the world, with an estimated net worth of over $195 billion, per Forbes.

Zoom out: Despite claiming he won't donate to either campaign, Musk is no stranger to commenting on politics.

• Earlier this week, Musk took to X to criticize the Biden administration's immigration policies, alleging they amount to "treason."
• In another post, Musk echoed a right-wing conspiracy theory that the administration is "importing voters" that pose a national security threat.
• "I would not vote for Biden," Musk told the New York Times DealBook Summit in November, adding that "I'm not saying I'd vote for Trump."
• Back in 2022, Musk said he recommended "voting for a Republican Congress."