Overview
- Elon Musk declared at the Qatar Economic Forum that he will significantly reduce his political spending, stating, 'I think I’ve done enough.'
- Musk spent nearly $290 million supporting Donald Trump and Republicans in the 2024 election cycle, including $20 million on a Wisconsin Supreme Court race where his preferred candidate lost.
- His role as head of the Department of Government Efficiency (DOGE) has been scaled back to one or two days a week, with his 130-day term set to conclude at the end of May.
- Tesla suffered a 71% profit decline in Q1 2025, with brand damage from Musk's political alignment contributing to dealership protests and vandalism.
- Musk reaffirmed his commitment to remain Tesla CEO for at least five years, prioritizing his businesses over political activities moving forward.