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Elon Musk says he will spend 'a lot less' on future campaign donations
- Elon Musk announced in May 2025 that he will significantly reduce his future political campaign donations, focusing more on his businesses.
- This decision comes after Musk played a significant role in the 2024 election by contributing over $250 million to support Donald Trump's campaign through the America PAC super PAC.
- Musk also scaled back his leadership of the Department of Government Efficiency after its limited success and legal setbacks, reflecting his growing disengagement from politics.
- At the Qatar Economic Forum, Musk said, "I’m going to do a lot less in the future" on political spending, but he left open the possibility of future involvement if reasons arise.
- Musk’s reduced political spending may lessen his influence on upcoming elections while he directs attention to challenges at Tesla and other ventures.
281 Articles
281 Articles
Elon Musk signals end to political spending amid Trump rift rumours
The bromance between Donald Trump and billionaire Elon Musk appears to be on rocky terrain, with the latter saying he will cut back on political donations. The world’s richest man, who donated an estimated $250 million (close to £187 million) to help Trump win last year’s election, told the Qatar Economic Forum, hosted by Bloomberg: “I’m going to do a lot less [spending] in the future, I think I’ve done enough. Well, if I see a reason to do poli…
‘I think I’ve done enough’: Elon Musk vows to stop giving Donald Trump money after months of being the internet’s punching bag
After witnessing Billionaire Elon Musk meddling with U.S. politics for the last few months by throwing money at everything to have his own way we can finally breathe a sigh of relief. The Tesla CEO has announced he will be decreasing his political donations for the foreseeable future. Musk’s actions have been under close observation for the past few months. His shift into politics has turned many against him and it’s easy to see why. Many accuse…
After Leaving the Government in Ruins, Elon Musk Says He's Giving Up on Politics
Even a centibillionaire's pockets only run so deep. With moths fluttering from his wallet, Elon Musk says he's going to do "a lot less" political spending from now on, as he steps back from his active involvement in the Trump administration. "I think I've done enough," Musk said Tuesday during an interview at the Qatar Economic Forum, as quoted by the Washington Post. Musk didn't completely shut the door, though, giving a non-answer when asked …
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