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Elon Musk Announces Significant Cut in Political Spending Amid Business Focus

Elon Musk declares at the Qatar Economic Forum that he will significantly reduce political donations, shifting focus back to his business operations.


Overview

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Elon Musk, during the Qatar Economic Forum on May 20, stated his intention to drastically cut political donations, having contributed nearly $300 million in the 2024 election cycle. Acknowledging public backlash, Musk said, 'I think I've done enough,' while emphasizing he would scale back his efforts, despite keeping the option for future spending open. His reduced role in the Department of Government Efficiency, alongside challenges faced by Tesla, influenced this decision. Musk affirmed his commitment to remain Tesla's CEO for at least five more years while downplaying public criticism.

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Articles (24)

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Elon Musk Says He Plans to Cut Back Political Spending
TIME MagazineTIME Magazine·1M·
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Elon Musk signals plans to dial back political spending
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Musk says he will remain Tesla CEO in coming years
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Musk 'Going to Do a Lot Less' in Funding Politics, for Now
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History

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  • 1M
    Epoch Times logo
    ABC News logo
    ABC News logo
    21 articles
  • 1M
    New York Sun logo
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    14 articles