Elon Musk says he will cut back on political spending after heavily backing Trump in 2024
Share this @internewscast.com

WASHINGTON (AP) — Elon Musk, the wealthiest individual globally and a significant contributor to President Donald Trump’s campaign, announced on Tuesday that he plans to reduce his political spending.

Musk shared this decision during a virtual appearance at a Bloomberg event in Doha, Qatar. This move could potentially impact Republicans negatively ahead of next year’s midterm elections. Musk’s decision might reflect his growing disillusionment with political processes, following a rocky experience with the Department of Government Efficiency, which has not met its federal spending reduction targets.

“I’m going to do a lot less in the future,” Musk said. Asked why, he responded that “I think I’ve done enough.”

Musk invested at least $250 million in support of Trump’s presidential campaign and even hosted some campaign events himself. This year, he also participated in a judicial race for the Wisconsin Supreme Court, although his favored candidate did not succeed.

Share this @internewscast.com
You May Also Like
UK man indicted in alleged $99M wine fraud scheme that left investors high and dry

UK Man Charged in $99 Million Wine Scam, Leaving Investors Empty-Handed

A man from the United Kingdom was arraigned Friday in Brooklyn federal…
Damage to the Delaware Memorial Bridge after a tractor-trailer crash.

Latest on the Delaware Memorial Bridge Incident: Tractor-Trailer Crosses 3 Lanes, Breaks Barrier, and Plunges into Water

A MASSIVE rescue operation is underway after a tractor trailer cab crashed…
Parents crashing honeymoons becomes bizarre new travel trend

Unexpected Trend: Parents Tagging Along on Honeymoon Trips

Traditionally, a honeymoon serves as a unique getaway for newlyweds to relax…

‘Police Chief Father Abused Me for Over a Decade in Disturbing Cult That Traumatized Me as a Child’

THE daughter of a police chief claims her dad raped her for…
Trump wants mass deportations, but US views of immigration are more positive since he took office

Trump Advocates for Mass Deportations, Yet American Opinions on Immigration Have Grown More Favorable Since His Presidency

WASHINGTON (AP) — Mere months after President Donald Trump’s return to office…
Friends who discovered Idaho murder victims reveal eerie omen before the massacre

Mother of Idaho murder victim finds surprising solace in controversial plea deal by the killer

The mother of University of Idaho victim Xana Kernodle has broken her…
El Chapo's son pleads guilty to US drug trafficking

El Chapo’s Son Admits Guilt in US Drug Trafficking Case

As part of a plea agreement, Guzman Lopez admitted to helping oversee…
Knicks fail first test to implement Mike Brown's vision

Knicks Struggle to Implement Mike Brown’s Strategy in Initial Test

LAS VEGAS — Mike Brown didn’t reveal much in his introductory news…
Native Hawaiian man could face longer prison sentence after conviction for hate crime against white man

Hawaiian Man May Receive Extended Sentence for Hate Crime Conviction Against White Man

A Native Hawaiian man who had been found guilty of a hate…
Ex-Jaguars employee convicted of stealing $22M from team now faces state charges

Former Jaguars Worker Convicted of $22M Theft Now Faces State Charges

Amit Patel, 32, was admitted into the Duval County Jail Tuesday afternoon…
Prosecution's 'inconsistencies' in prep school murder trial led to suspect's acquittal: jury foreman

Jury Foreman: ‘Inconsistencies’ in Prosecution’s Case Resulted in Acquittal in Prep School Murder Trial

The jury’s foreman in Raul Valle’s murder trial, who was found not…

Keir’s Small Boat Strategy Fails to Discourage Crossings – French Accused of Inaction by Immigration Chief

By Julia Hartley-Brewer IMAGINE you live in a basket case country like…