Overview

• Elon Musk announced plans to significantly reduce his political spending, stating he has 'done enough' after contributing nearly $290 million to Trump's 2024 campaign.
• He confirmed his reduced role at the Department of Government Efficiency (DOGE), now limited to two days per week, as his 130-day special government employee tenure nears its end.
• Musk emphasized a renewed focus on Tesla, committing to remain CEO for at least five years following backlash and declining sales tied to his political activities.
• Public and political criticism, including protests and vandalism at Tesla dealerships, has strained Musk's political influence and company reputation.
• President Trump has distanced himself from Musk, ceasing mentions of him on Truth Social and in fundraising communications since early April.