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Elon Musk says he will spend 'a lot less' on future campaign donations

  • Elon Musk said at the Qatar Economic Forum in 2025 that he will spend a lot less on future political donations.
  • This statement follows Musk's record spending of over $290 million to support President Trump's 2024 reelection and substantial contributions to a Wisconsin Supreme Court race.
  • Although Musk served several months as a key White House advisor overseeing efforts to improve government operations, his endorsed candidate lost a recent judicial election, and Tesla experienced profit drops amid political backlash.
  • Musk said, “I think I’ve done enough,” and currently sees no immediate reason to increase political spending but indicated he might act if circumstances change.
  • Musk’s reduced political engagement could impact Republican campaigns and reflects his decision to refocus on his companies amid ongoing controversies and business struggles.
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The New Republic broke the news in on Tuesday, May 20, 2025.
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