Elon Musk, the world's richest man and a prominent Republican megadonor, has announced a significant reduction in his political investments for future elections.

The world's richest man predicted he'd do 'a lot less' electoral financing moving forward. Has Washington seen the last of the tech titan?

According to CNBC, the sharp decline in sales is being linked to Tesla CEO Elon Musk’s controversial political activities, which have drawn public backlash across Europe. Musk formally endorsed Germany’s far-right AfD party earlier this year and clashed with labour groups in Scandinavia.

Elon Musk, who spent more than $250 million dollars on Donald Trump’s election campaign, has said he plans to reduce political spending, stating "I’ve done enough".

The billionaire executive was Trump's biggest donor in 2024. Now, however, he is planning to cut back his spending on politics, he said on Tuesday.

Elon Musk's brief stint as head of the Department of Government Efficiency in the Trump administration ended amidst clashes and policy disagreements. As his political influence waned, Tesla faced challenges,

Elon Musk's changed tune could be a saving grace for many House and Senate Republicans skeptical of President Donald Trump's agenda.

Musk spearheaded DOGE's efforts to slash federal spending, which included the shuttering of the foreign aid agency USAID.

Elon Musk, who spent nearly $300 million to back Donald Trump's presidential campaign and other Republicans last year, said on Tuesday he will cut his political spending substantially, the latest public signal that he is shifting his attention back to his business empire amid growing investor concerns.

Elon Musk said he’s committed to still leading Tesla Inc. in five years and expects to pare back his political spending ... rather than wealth. “It’s not a money thing,” Musk said.

Elon Musk wants you to know he's not going anywhere. In a remote appearance at the Qatar Economic Forum, the Tesla (NASDAQ:TSLA) CEO said he plans to lead the company for at least another five years a much-needed dose of reassurance for shareholders rattled by sliding sales and courtroom drama around his scrapped $56 billion pay package.