Elon Musk says he'll reduce political spending after heavily backing Trump in 2024
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'In terms of political spending I'm going to do a lot less in the future,' Musk said. Asked why, he responded: 'I think I've done enough.'
Musk's statement marks a reversal of the course he had set during the 2024 campaign — when he was among the very top political spenders — and immediately after.
Musk spent at least $250 million supporting Trump in the presidential campaign, as the main contributor to America PAC, a super PAC that was active in advertising and funding door-to-door canvassing groups across the seven most-competitive states in the November presidential election.
Musk relished in the publicity, campaigning alongside Trump at times and headlining some of his own campaign rallies on the GOP nominee's behalf.
And while he took credit for helping Trump return to the White House, Musk suffered a public defeat in April, after he became deeply involved in a Wisconsin Supreme Court campaign. Musk-backed groups America PAC and Rebuilding America's Future spent more than $21 million on the April 1 election in support of the Republican-backed candidate Brad Schimel.
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