Elon Musk says he's going to do 'a lot less' political spending

Elon Musk, the world's richest man and a major benefactor to President Donald Trump in last year's election, said Tuesday that he will do "a lot less" political spending moving forward.

Elon Musk, the world's richest man and a major benefactor to President Donald Trump in last year's election, said Tuesday that he will do "a lot less" political spending moving forward.

Speaking with Bloomberg at the Qatar Economic Forum, Musk, who spent more than a quarter of a billion dollars on a super PAC set up last year to primarily help Trump, sounded ambivalent about making such commitments in the cycles to come.

"I think in terms of political spending, I'm going to do a lot less in the future," Musk said, adding, "I think I've done enough."

Asked if he would take a step back because of the blowback he and his companies, including Tesla, xAI and SpaceX, have faced in light of his political activities, Musk said, "Well, if I see a reason to do political spending in the future, I will do it."

"I don't currently see a reason," he continued.