Musk stops paying: "Enough done"

Elon Musk

Elon Musk closes political wallet

Oskar Forsberg

Updated 12.49 | Published 11.12

Elon Musk and Donald Trump at a wrestling match in March this year. Photo: Matt Rourke / AP

The world's richest man Elon Musk stops sponsoring Trump financially.

- I think I've done enough, he said at a meeting in Qatar.

Elon Musk stops spending money on politics, reports Politico.

- If I see a future reason to spend money on politics, I will. But right now I don't see any reason, he said at a meeting in Qatar yesterday.

Elon Musk, the CEO of Tesla, the owner of X, is said to have donated over $290 million of his own money to the Republican Party and to Donald Trump in connection with the 2024 election.

Since then, he has continued to pour money into trying to influence American politics, most recently in Wisconsin where he donated money to a conservative candidate ahead of a judge election for the state's Supreme Court - who lost.

But now the flow of money from the world's richest man is over.

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Musk closes his wallet: "Have done enough"

TT

Published 11.19

Elon Musk in Qatar. Photo: Alex Brandon/AP/TT

Billionaire Elon Musk will spend much less money on political campaigning in the future, he announced himself.

The Tesla CEO said in a speech at an economic forum in Qatar on Tuesday that he currently sees no reason to spend money politically.

– I think I've done enough, he said, according to Politico.

He has also previously said he will step down from the White House's so-called efficiency agency Doge.

Elon Musk donated over $290 million from his own pocket to Donald Trump's presidential campaign.

Since then, he has continued to pour money into trying to influence American politics, most recently in Wisconsin where he donated to a conservative candidate for a judgeship for the state's Supreme Court – who lost.