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Elon Musk plans to cut back political spending

Billionaire Elon Musk had said he expects to dial back his political donations, a major shift from the figure who shook up the 2024 election as a top donor to President Donald Trump.
 
Musk, who ultimately spent more than $250 million in support for Trump's campaign, told an economic conference in Qatar that he planned to do a lot less spending in the future. 
 
He also said he was committed to leading electric car company Tesla for another five years. 
 
The comments come just a few weeks after he said he would step back from leading the controversial White House effort to slash a federal spending, commonly called Doge.


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