I've done enough: Elon Musk suggests he will spend 'a lot less’ on political donations
Doha: Elon Musk, CEO of Tesla and one of the most high-profile financial supporters of Donald Trump, has announced plans to scale back his political donations in the near future.
Speaking during a video interview with Bloomberg News at the Qatar Economic Forum, Musk said, “In terms of political spending, I’m going to do a lot less in the future.”
When asked about the reasoning behind his decision, he added, “I think I’ve done enough.”
Musk reportedly spent over $290 million backing Trump and Republicans during the 2024 U.S. elections. Despite stepping back, the billionaire did not rule out future involvement: “If I see a reason to do political spending in the future, I will do it.”
His comments come at a time when investor concerns over his political activity are intensifying, especially as Tesla grapples with declining sales and a drop in stock value. Amid these challenges, Musk affirmed his commitment to the electric car company, stating that he plans to remain CEO for the next five years.
Last month, following a sharp fall in Tesla’s profits, Musk reportedly told Wall Street analysts he would reduce his time spent in Washington and focus more on managing his companies.
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Congress leader Gaurav Gogoi loses Jorhat seat by 23,000 votes
Jorhat: Senior Congress leader Gaurav Gogoi has been defeated in the Jorhat constituency, losing by a margin of around 23,000 votes.
Gogoi, who has been one of the prominent faces of the Congress in Assam, failed to win the seat as counting concluded.
