Elon Musk speaks during a town hall meeting on March 30, 2025 in Green Bay, WISC. Before an election of the Supreme Court of the State where he has invested millions of dollars, to see his favorite candidate lose. The billionaire announced Tuesday that he planned to spend less in politics in the future.
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Images Scott Olson / Getty
Elon Musk, who was the biggest donor in the presidential campaign in 2024, said on Tuesday that he planned to reduce his political expenses.
“I’m going to do much less in the future,” he said in a video interview with Bloomberg News in Qatar Economic Forum. “I think I did enough.”
When asked if the restoration of his political funding was motivated by any return to the Trump administration, Musk said: “If I see a reason to make political expenses in the future. I will do so. But I will not currently see any reason.”
Musk, the richest person in the world, has channeled nearly $ 300 million in President Trump’s campaign, becoming a first political donor and a symbolically powerful ally of the president.
Trump has raised musk as a key figure in the White House, an arrangement that said experts have made conflicts of interest, because Musk companies, including Spacex and Tesla, receive billions of dollars in public subsidies, not to mention the many investigations launched against his commercial empire by government regulators.
The role of unusually publicized Musk advisor was crystallized during a first meeting of the cabinet where Musk dominated the discussion and Trump praised the billionaire, while the secretaries of the department were turning caution.
Musk also appeared alongside the president at the Oval Office to boast his work with the United States Doge Service, an initiative focused on the reduction of expenses of the federal government. The push led by muscles helped the layoff of thousands of government employees and helped dismantle entire agencies. Avoiding standard operational standards and procedures, Doge’s work has triggered at least a dozen prosecution.
Then there is the release of Doge’s work. The effort designed Intense examination Researchers and groups of good government, who wondered if Doge had effectively reduced the “waste, fraud, abuse”. Public accounting of savings by the unit is systematically criticized for exaggerations, two compensations and other inconsistencies.
Public vote noted that the work doge slash-And-Burn of Musk has not played well with the voters, who also Disappropriate now Musc more than Trump.
Last month, Musk’s celebrity and fortune did not help The Republicans win an election of the Supreme Court of Wisconsin, where Musk flocked millions and tried to exploit his image as a disruptor of the technological executive to strengthen a republican for the superior judicial headquarters. However, he turned against him. Analysts say that Musk’s participation has become a political responsibility, while the Democrats have used the billionaire as bad guy to mobilize 10 percentage points.
On a recent call for results for Tesla, including sales and The profits have crushed In the first three months of the year, Musk said that he transformed his role as the White House to any inclination into a part -time concert to refocus his energy on the electric vehicle company in the middle of investor pressure.
Musk’s commitment to Tesla – the greatest source of her personal fortune – came as The Wall Street Journal reported that the company’s board of directors had started the potentially musk replacement process as managing director.
It may be another sign of the slow cast iron of Washington Musk. But he has not completely disappeared. For example, Musk was part of a group of business leaders who recently accompanied the president in Saudi Arabia during a trip to the Middle East.
And Tuesday, Musk said that he would attend a dinner this week with Trump, proof that the technology magnate was still in the president’s inner circle, even if his time under political spotlights seems to decline.