Elon Musk says that political spending is going back, indicating an important change in its high profile role in the 2024 elections.
“In terms of political spending, I will do much less in the future,” said the billionaire on Tuesday at the Qatar Economic Forum, when asked if he planned to stay involved in the intermediate works of 2026.
When asked why, he simply replied: “I think I've done enough.”
He added: “If I see a reason to make political expenses in the future, I will do it. I currently don't see a reason.”
Musk, which poured more than $ 200 million in the 2024 race and helped to boost Donald Trump to return to the White House, had previously promised to maintain his active America.
“Normally, the PACs remain inactive after a great choice,” he tweeted last year. “@America Pac will do the opposite and continue to grind, increasing republican records in key districts throughout the country, in preparation for special elections and partial exams.”
Now, with your latest comments, that plan seems to have changed.
America PAC declined to comment on Tuesday, but the sources close to Musk had previously said that he intended to remain active in future elections.
Within the Republican party, musk is now seen as an asset and a liability. While many prove their support for Trump's victory, others have become cautious, especially as Democrats use their leadership in Dogle to attack republican priorities.
Since he joined the Trump administration to lead Doge, and after an aggressive and failed impulse in the Wisconsin Supreme Court, Musk has frustrated Washington, according to the sources.
Now it is spending much less time in DC, tweeting less about politics and focusing more on its companies. Tesla's shares have increased more than 50% in recent weeks.
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