Overview

• Elon Musk announced plans to significantly reduce his political donations, stating he has 'done enough' during an interview at the Qatar Economic Forum.
• Musk previously invested over $290 million in Donald Trump's 2024 reelection campaign, including $238 million to a PAC targeting key battleground states.
• His role leading the Department of Government Efficiency (DOGE) has drawn criticism for federal deregulation and workforce cuts, contributing to Tesla's reputational decline.
• Tesla's Q1 2025 net profit plunged 71%, with its market value declining nearly 8% this year amid public backlash and boycotts tied to Musk's political involvement.
• Musk reaffirmed his commitment to remain Tesla's CEO but left open the possibility of resuming political donations if circumstances change.