Elon Musk Plans Cut Political Spending Amid Tesla Backlash

Elon Musk announced at the Qatar Economic Forum that he plans to significantly reduce his political contributions, stating, "I think I've done enough." Having spent at least $250 million supporting Donald Trump's campaign and other political efforts, Musk cited the backlash against him and Tesla, including vandalism of Tesla vehicles and facilities, as a factor influencing his decision. Despite the controversies, Musk defended his political involvement, emphasizing his work to cut government waste and his role as a presidential adviser, while maintaining his commitment to remain Tesla's CEO for the next five years. He warned that individuals responsible for attacks on Tesla properties are facing legal consequences and vowed to pursue those who organized such violence. Musk left open the possibility of future political spending if circumstances warrant it but currently sees no reason to continue. His scaling back could have significant implications for Republican fundraising, given his prior status as a major donor.