May 25, 2025
Elon Musk probably won’t be dropping $290 million on next year’s midterms

In an interview with Bloomberg yesterday, the Tesla chief revealed that he’ll cut back on political spending going forward, answering, “I think I’ve done enough,” when pressed further.
Musk said a lot across the 40-minute conversation at the Qatar Economic Forum, from pointing out that he can’t be CEO if he’s dead to asserting that the EV giant’s slumping sales have “already turned around.”
While Musk didn’t completely rule out a return to political spending in the future, it seems unlikely that he’ll match the bumper $291.5 million bill he racked up between 2023-24.