Shift in Political Strategy
, after significant financial support for President 's campaign and involvement in politics, announced plans to reduce his political contributions, stating, "I think I've done enough."
Musk's decision comes after a period of substantial political spending, including over $250 million to support Trump's election efforts and a notable contribution to a race.
Impact and Reactions
Musk's political involvement has faced backlash, leading to boycotts of Tesla and a significant drop in Tesla's stock price, amidst concerns over Musk's political activities and their impact on his companies.
Despite stepping back from political spending and his role in the , Musk remains a prominent figure in U.S. politics, with potential implications for the Republican party ahead of the midterm elections.