Musk, who donated $290 million to support Trump in 2024, says he’ll “do a lot less” politically going forward—even as his businesses flourish under the Trump administration.
Elon Musk says he plans to reduce his political spending, despite reaping major business benefits under President Trump. “I’m going to do a lot less in the future. I think I’ve done enough,” Musk said Tuesday during a virtual interview at the Qatar Economic Forum.
Musk, the largest individual donor of the 2024 election cycle, gave $290 million to support Trump. Since his endorsement, his net worth has soared by $170 billion, with SpaceX, Tesla, and xAI securing favorable regulatory changes, fresh federal contracts, and expanded global access.
Government probes into Tesla and SpaceX have been dropped or delayed, while agencies like the DOJ and NLRB have scaled back legal actions. Critics say Musk is leveraging Trump-era deregulation for personal gain.
“He is deeply entangled in the regulatory functions of the government he is now empowered to shape,” said a report by House Democrats. Despite some backlash, Musk’s companies appear poised to expand aggressively—with continued White House support