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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G7: Why there is hope of a Carney-Trump tariff breakthrough at Alberta summit
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Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? 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