{"id":6640,"date":"2025-05-20T16:59:12","date_gmt":"2025-05-20T16:59:12","guid":{"rendered":"https:\/\/gunnewsusa.com\/index.php\/2025\/05\/20\/elon-musk-says-hell-scale-back-political-spending-i-think-ive-done-enough\/"},"modified":"2025-05-20T16:59:12","modified_gmt":"2025-05-20T16:59:12","slug":"elon-musk-says-hell-scale-back-political-spending-i-think-ive-done-enough","status":"publish","type":"post","link":"https:\/\/gunnewsusa.com\/index.php\/2025\/05\/20\/elon-musk-says-hell-scale-back-political-spending-i-think-ive-done-enough\/","title":{"rendered":"Elon Musk says he&#8217;ll scale back political spending: &#8220;I think I&#8217;ve done enough&#8221;"},"content":{"rendered":"<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" id=\"article-0\">\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium is-hero is-delayed-player show-overlay\" data-ads=\"{\" extrawordcount=\"\">\n<div 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class=\"lazyload embed__frame\" data-width=\"1920\" data-height=\"1080\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" id=\"why-elon-musk-is-stepping-back-from-trumps-doge-team-as-tesla-profits-drop--hero\" title=\"Video: Why Elon Musk is stepping back from Trump's DOGE team as Tesla profits drop\" data-sort-time=\"1745419472000\" data-update-time=\"1745419472000\"><\/iframe><\/p><\/div>\n<p>          <button class=\"player-overlay__button--icon-close__mobile\" data-target=\"\" aria-label=\"Close sticky player\"><br \/>\n        <svg class=\"player-overlay__button--icon\">\n          <use xlink:href=\"#player-icon-close\"\/>\n        <\/svg><br \/>\n      <\/button><\/p><\/div>\n<\/p><\/div><figcaption class=\"embed__caption-container\">\n                              <a href=\"https:\/\/www.cbsnews.com\/video\/why-elon-musk-is-stepping-back-from-trumps-doge-team-as-tesla-profits-drop\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\">\n              <use xlink:href=\"#icon-video\"\/>\n            <\/svg><br \/>\n          <\/span><\/p>\n<p>          <span class=\"embed__headline\">Why Elon Musk is stepping back from Trump&#8217;s DOGE team as Tesla profits drop<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">02:13<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<section class=\"content__body\">\n<p><em>Washington<\/em> \u2014 Elon Musk said Tuesday that he plans to significantly scale back his political spending, adding that he does &#8220;not currently see a reason&#8221; to invest his money in politics.\u00a0<\/p>\n<p>In a video appearance at the Qatar Economic Forum, the world&#8217;s richest man was asked if he&#8217;d continue to spend at such a high level in future elections, after <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/elon-musk-277-million-trump-republican-candidates-donations\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">contributing<\/a><\/span>\u00a0at least $277 million to Republican candidates and causes in the 2024 cycle.\u00a0<\/p>\n<p>&#8220;I think in terms of political spending, I&#8217;m going to do a lot less in the future,&#8221; Elon Musk responded.\u00a0<\/p>\n<p>&#8220;And why is that?&#8221; the interviewer asked.\u00a0<\/p>\n<p>&#8220;I think I&#8217;ve done enough,&#8221; Musk said, to some laughs from the audience. But he did not entirely rule out spending on political campaigns and causes.<\/p>\n<p>&#8220;If I see a reason to do political spending in the future, I will do it,&#8221; he said. &#8220;I do not currently see a reason.&#8221;<\/p>\n<p>Musk, tasked by President Trump to informally oversee the <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/100-days-of-doge-elon-musk-trump\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Department of Government Efficiency<\/a><\/span>, has come under intense scrutiny for his leadership in the chaotic government cuts. And one of his companies, Tesla, has suffered in the time he was away \u2014 in the first quarter of the year, the company&#8217;s net income <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/tesla-earnings-call-today-elon-musk-doge\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">plummeted <\/a><\/span>71%.\u00a0<\/p>\n<p>Musk said on a call last month to discuss the company&#8217;s earnings that he planned to scale back his time spent on DOGE. Musk has not been physically present at the White House as frequently since the end of April.\u00a0<\/p>\n<p>But the billionaire has also seen some benefits for his other companies. Musk <a href=\"https:\/\/www.cbsnews.com\/video\/why-elon-musk-other-business-leaders-are-in-saudi-arabia-during-trumps-trip\/\" target=\"_blank\" rel=\"nofollow\" data-invalid-url-rewritten-http=\"\">accompanied<\/a> Mr. Trump on the president&#8217;s trip to the Middle East last week and announced his satellite company Starlink has been <a href=\"https:\/\/www.cnbc.com\/2025\/05\/13\/elon-musk-starlink-saudi-arabia.html\" target=\"_blank\" rel=\"nofollow noopener\">approved<\/a> for maritime and aviation use in Saudi Arabia.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/kathryn-watson\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Kathryn  Watson<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Kathryn Watson is a politics reporter for CBS News Digital, based in Washington, D.C.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why Elon Musk is stepping back from DOGE Why Elon Musk is stepping back from Trump&#8217;s DOGE team as Tesla profits drop 02:13 Washington \u2014 Elon Musk said Tuesday that he plans to significantly scale back his political spending, adding that he does &#8220;not currently see a reason&#8221; to invest his money in politics.\u00a0 In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[17],"tags":[],"class_list":{"0":"post-6640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-political-news"},"_links":{"self":[{"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/posts\/6640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/comments?post=6640"}],"version-history":[{"count":1,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/posts\/6640\/revisions"}],"predecessor-version":[{"id":6641,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/posts\/6640\/revisions\/6641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/media\/5819"}],"wp:attachment":[{"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/media?parent=6640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/categories?post=6640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/tags?post=6640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}