Elon Musk says he’s pulling back from future political donations: “I think I’ve done enough…If I see a reason to do political spending in the future, I will do it. I don’t currently see a reason.”

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Tesla CEO Elon Musk on Tuesday committed to leading the electric-vehicle-maker for the next five years.

“Yes, no doubt about that at all,” Musk said in an interview at Bloomberg’s Qatar Economic Forum in Abu Dhabi.

Musk’s comments come after some investors have questioned his dedication to Tesla.

He has been serving as a key advisor to President Donald Trump in leading the so-called Department of Government Efficiency, which has been a major focus for the tech billionaire in recent months. The stock has had a volatile start to the year, and is down more than 12% year to date.

Source: https://www.cnbc.com/2025/05/20/elon-musk-tesla-shares.html

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