Musk to slow down political spending: ‘I think I’ve done enough’

The editor

Elon Musk speaking during a town hall meeting on March 30, 2025 in Green Bay, Wisc. ahead of a state Supreme Court election where he invested millions of dollars, only to see his preferred candidate lose. The billionaire announced on Tuesday that he planned to spend less on politics going forward.

The billionaire executive was Trump’s biggest donor in 2024. Now, however, he is planning to cut back his spending on politics, he said on Tuesday.

(Image credit: Scott Olson)