Musk, the richest person on Earth, spent hundreds of millions of dollars to help Trump win the 2024 presidential election, and questions were rife in Washington whether his largesse would continue
Elon Musk to curb political spending amid growing scrutiny
Image: Jim Watson / AFP
Billionaire Elon Musk said Tuesday he was pulling back from spending his fortune on politics, asserting his Tesla electric car company was doing well despite blowback over his support of US President Donald Trump.
"In terms of political spending, I'm going to do a lot less in the future," Musk told Bloomberg's Qatar Economic Forum in Doha, speaking by video link from Austin, Texas.
Musk, the richest person on Earth, spent hundreds of millions of dollars to help Trump win the 2024 presidential election, and questions were rife in Washington whether his largesse would continue.