Musk says will Spend 'a lot less' on Political Campaigns

Wednesday, May 21, 2025

Billionaire Elon Musk on Tuesday said he was pulling away from spending his fortune on politics, asserting that his Tesla electric car company was doing well despite blowback due to his support of US President Donald Trump.

Posted by LampLighter at 09:34 AM | 7 COMMENTS | permalink | Comment on This Entry |

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Elon Musk said he is cutting back on political spending. He poured over $290 million into the 2024 election. "I think I've done enough," he said at the Qatar Economic Forum.

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-- Politico (@politico.com) May 20, 2025 at 11:30 AM

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More from the article ...

... "In terms of political spending, I'm going to do a lot less in the future," Musk told Bloomberg's Qatar Economic Forum in Doha, speaking by video link from Austin, Texas.

Musk, the richest person on Earth, spent hundreds of millions of dollars on Trump's political campaign, and questions were rife in Washington whether his largesse would continue.

"If I see a reason to do political spending in the future, I will do it. I don't currently see a reason," he said in the often tense interview. ...

#1 | Posted by LampLighter at 2025-05-21 12:26 AM | Reply

So, is Mr Musk implicitly admitting that everything Pres Trump touches, dies?

#2 | Posted by LampLighter at 2025-05-21 12:27 AM | Reply

Well he got what he wanted.

He wanted all the investigations into his companies killed.
He wanted departments that oversee his companies killed.
He wanted more government contracts to replace workers and departments that he shut down.

#3 | Posted by Nixon at 2025-05-21 07:04 AM | Reply | Newsworthy 5

That's good news. Me? I'm going to spend a lot less on Teslas.

#4 | Posted by Jaspar at 2025-05-21 11:44 AM | Reply | Newsworthy 1

"I think I've done enough," he said

For once, I agree with him.

#5 | Posted by Whatsleft at 2025-05-21 12:23 PM | Reply

Got picked up via Uber in a BYD today. Tesla is toast.

#6 | Posted by LegallyYourDead at 2025-05-21 12:23 PM | Reply

Musk got everything a corrupt, fascist, bigoted billionaire could want.

#7 | Posted by Whatsleft at 2025-05-21 12:24 PM | Reply