US EditionElon Musk says he will spend 'a lot less' on future campaign donations
- Elon Musk announced at the Bloomberg forum in Doha, Qatar, on Tuesday that he will spend a lot less on future political campaigns.
- This decision follows Musk’s extensive past political spending, including roughly $250 million supporting Trump’s 2024 campaign and millions in a Wisconsin Supreme Court race.
- Musk’s political involvement also included leading the Department of Government Efficiency under Trump, which cut thousands of federal jobs and canceled billions in contracts but faced backlash and legal challenges.
- Musk stated that he believes he has contributed enough politically for now and plans to reduce his political donations, though he left open the possibility of resuming them if future circumstances warrant it.
- Musk’s reduced political spending amid protests against Tesla and declining profits suggests a strategic retreat that could impact Republican fundraising ahead of the 2026 midterm elections.
265 Articles
265 Articles
‘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…
‘I think I’ve done enough’: Musk says will cut back on political spending
Elon Musk, the key financial supporter of President Donald Trump, has said that he'll be spending “a lot less” on political campaigns, a reversal that could be a setback for Republicans ahead of next year’s midterm elections
Musk Announces Stop to Funding in Trump: "I've Done Enough Already"
So, Bloomberg's guest at the Qatar Economic Forum, Elon Musk announced his financial disengagement from Donald Trump's election campaign in view of the mid-term US elections scheduled for autumn 2026. A motivated choice with these words: "I think I've done enough. If I see a reason for investing in political spending in the future, I will. I don't see any reason at the moment. The turning point comes after weeks of tensions between the US Presid…
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