Elon Musk, having previously spent over $250 million on political contributions, announced plans to significantly cut back on spending, citing a lack of compelling reasons. During an interview, he stated he would do less political financing in the future. Musk, who played a significant role in the Trump administrationâs Department of Government Efficiency, is shifting focus back to his businesses, particularly as Tesla faces declining profits. Additionally, he has shown support for right-wing political figures in Europe, indicating his broader political engagement.
Musk stated that he plans to significantly reduce his political spending in the future, indicating he's had enough of financial contributions to campaigns.
In an interview, he remarked that he does not currently see a reason for political spending, despite previously being a major donor to Trump.
Musk has announced he will cut back involvement with Trumpâs Department of Government Efficiency to focus on his businesses, especially amid declining Tesla profits.
The billionaire has expressed his support for right-wing parties in Europe, specifically backing leaders like Alice Weidel of Germany's AfD party.
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