Elon Musk declared he plans to significantly cut his political spending, saying he has “done enough.” The statement comes as the richest man in the world also steps back from his role in slashing federal government spending as an aide to President Donald Trump.
The Republican megadonor spent more than $250 million in support of Trump’s election effort last year, and last month lavished $20 million of his own money on a Supreme Court election in Wisconsin.
The Tesla CEO appeared via video at an economic forum in Qatar on Tuesday, where Bloomberg’s Mishal Husain asked whether he would continue to spend at that kind of level ahead of next year’s midterm elections.
“In terms of political spending, I’m gonna do a lot less in the future,” Musk replied.
When Husain asked why, he responded: “I think I’ve done enough.”
