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

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Source: CNBC


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 level in upcoming elections, Musk said he would not.

“I think, in terms of political spending, I’m going to do a lot less in the future,” Musk said. When asked why, he said, “I think I’ve done enough.”

Read more: https://www.cnbc.com/2025/05/20/elon-musk-campaign-spending-trump.html

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