Elon Musk says he’ll spend ‘loads much less’ on future marketing campaign donations-OxBig News Network

Elon Musk on Tuesday stated he plans to spend “loads much less” on political donations sooner or later, signaling a change in angle from President Donald Trump‘s high campaign backer.

Musk, the CEO of Tesla and SpaceX and the top of the government-slashing initiative DOGE, spent greater than $250 million serving to Trump win a second White House time period.

But when requested on the Qatar Economic Forum if he’ll proceed spending at that degree in upcoming elections, Musk stated he wouldn’t.

“I feel, when it comes to political spending, I’m going to do loads much less sooner or later,” Musk stated.

When requested why, he stated, “I feel I’ve finished sufficient.”

But Musk, the world’s richest man, stated he could change his thoughts in some unspecified time in the future.

“Well, if I see a purpose to do political spending sooner or later, I’ll do it,” he stated.

“I don’t presently see a purpose,” he added.

Musk’s remarks will doubtless come as an disagreeable shock to Republicans working for reelection in 2026.

On high of his Trump-related donations, Musk spent greater than $19 million within the last weeks of the 2024 election cycle to assist Republicans win slender majorities in Congress.

His tremendous political motion committee, America PAC, was additionally a top outside spender on this 12 months’s high-profile electoral battle for the Wisconsin Supreme Court majority. Musk-linked teams reportedly dropped greater than $13 million within the lead-up to the April 1 election, which his most well-liked candidate misplaced.

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