Elon Musk has said he intends to cut down on his political expenses in the future and says he now feels he has “done enough.”
By turning to Bloomberg-Hosted Qatar Economic Forum via video link on Tuesday, the world’s richest man revealed his plans to empty his political ambitions in the future and said to his audience, “I will do much less in the future.”
When asked why the moderator of the moderator replied, “I think I’ve done enough. If I see a reason to make political expenses in the future, I will do it. I don’t see a reason at the moment.”
The billionaire donated at least $ 288 million. To Trump’s campaign war last year and has continued to lead its newly formed government efficiency department (DOGE), which has fired thousands of federal workers and cut millions of dollars into funding for US projects and initiatives in the interest in cutting off excess expenses, waste and fraud.
These movements from DOGE have attracted considerable resistance, and Musk’s electric car business Tesla has carried much of the brown of public anger, with its dealers targeted by vandals and arson that the Trump administration has felt “domestic terrorists” and its profits fell by 71 percent in the first quarter after it lost the land in key markers such as California, Germany and China.
Musk addressed these questions in a separate interview with Bloomberg on the forum and issued a threat to those who had targeted Tesla.
“The huge violence committed against my company and threatened to me … who are these people? They are on the wrong side of the story. What’s wrong with these people? I haven’t hurt anyone,” he told the journalist Mismal Husain.
“These people go to jail, and the people who also funded them go to jail. Don’t worry, we’re coming after you. We’ve lost some sale to the left, but we’ve got them to the right. Our stock would not act near all time heights if things were not in all good shape. Everything is in order. Don’t be afraid of it.”
Musk’s Alliance with Trump has also been questioned that the president’s trade war threatens Tesla’s supply chain, which is very dependent on the free movement of imports from countries such as China and Mexico, and because the company’s wider sustainability goals appear to be in violation of the president’s pro-fossil fuel ideology of “Busy Borine.”
In turn, Musk has tried to reassure the company’s shareholders and staff that his political operations have no bearing on Tesla’s results.
“I think people really like the quality of the product as opposed to whether they agree or disagree with CEO’s views,” he told the forum. “The CEO of a given company wants political views. At the end of the day, what matters if Tesla makes a fantastic product and people like to buy amazing products.”
But he also told his co -investors in an earnings of April that the one who began this month would be the time he spent on DOGE, “fall significantly” to allow him to focus his energy on Tesla, Spacex and X, implicitly recognized that the demands of Washington began to take their toll.
Earlier this month, Musk and Tesla -President Robyn Denholm responded both angry at one Wall Street Journal Report claiming that the carmaker was in the process of headhunting a new CEO.
Denholm called the story “absolutely false” and said: “CEO of Tesla is Elon Musk, and the board is very confident in his ability to continue to perform the exciting growth plan ahead.”
The great tech mogul was again asked at the Qatar event if he was “obliged to still be CEO of Tesla” in five years.
He simply replied, “Yes.”
In response to Musk’s changing attitude towards political funding, Lisa Gilbert, co-president of the consumer rights non-profit public citizen, commented on, “When Elon Musk admitted ‘I think I’ve done enough,’ he told the truth-he has done more than enough injuries in his short but devastating forage to politics eventually.
“Elon Musk’s $ 300 million political spending in 2024 put a chain of events that have done erratic damage to important public services, violated the privacy of Americans and the trash value of his own businesses.
“Predictably, the stunning value of his company’s share seems to be the only reason he can actually change his behavior.
“The disgusting reaction of the American public to Musk’s wholesaler of political power is a reminder of why many billionaires prefer to hide their political spending in secret superpaces or other legal shells.”