Elon Musk has signaled plans to scale back his political involvement, telling attendees at Bloomberg’s Qatar Economic Forum on May 20 that he intends to sharply reduce his political spending—though he left the door open to future contributions if he deems the cause compelling.
Musk, who poured nearly $300 million into supporting President Donald Trump’s 2024 campaign and those of other Republican candidates, said he would “do a lot less” political spending in the future. When asked why, he replied: “I think I’ve done enough.”
While leaving open the possibility of future contributions, Musk dismissed the suggestion that his retreat was prompted by what the moderator said was “blowback” over his leadership role in the Trump administration’s Department of Government Efficiency (DOGE). The non-Cabinet-level agency has conducted audits that have driven sweeping cuts across the federal bureaucracy and sparked a wave of protests….