Elon Musk said he plans to spend “a lot less” on political donations in the future. Musk, the CEO of Tesla and SpaceX and the head of the government-slashing initiative DOGE, spent more than $250 million helping President Donald Trump win a second White House term. Musk also spent more than $19 million in the final weeks of the 2024 election cycle to help Republicans win narrow majorities in Congress. Elon MusK, chief executive officer of Tesla Inc., speaks via video link at the Qatar Economic Forum (QEF) in Doha, Qatar, on Tuesday, May 20, 2025. Christopher Pike | Bloomberg | Getty Images
Elon Musk on Tuesday said he plans to spend “a lot less” on political donations in the future, signaling a change in attitude from President Donald Trump‘s top campaign backer.
Musk, the CEO of Tesla and SpaceX and the head of the government-slashing initiative DOGE, spent more than $250 million helping Trump win a second White House term.
But when asked at the Qatar Economic Forum if he will continue spending at that