Elon Musk says he will spend 'a lot less' on future campaign donations

Core Viewpoint - Elon Musk, CEO of Tesla and SpaceX, announced plans to significantly reduce political donations in the future, indicating a shift from his previous support for Donald Trump and Republican candidates [1][2]. Political Spending - Musk stated he intends to spend "a lot less" on political donations moving forward, having previously contributed over $250 million to support Trump's campaign for a second term [1][2]. - He expressed that he believes he has "done enough" in terms of political spending, although he left the door open for future contributions if he sees a reason to do so [2]. Impact on Republican Candidates - Musk's announcement may negatively affect Republican candidates running for reelection in 2026, as he has been a significant financial backer in past elections [3]. - In addition to his Trump-related donations, Musk contributed over $19 million in the final weeks of the 2024 election cycle to help Republicans secure narrow majorities in Congress [3]. Specific Contributions - Musk's super political action committee, America PAC, was a major spender in the recent Wisconsin Supreme Court election, reportedly spending more than $13 million to support his preferred candidate, who ultimately lost [4].