Elon Musk says that he will substantially reduce his political donations | International

Elon Musk, the richest man in the world, continues to move on the border that separates the policy and businesses that, with the presidency of Donald Trump, has been blurred in the United States. The tycoon accompanied the president on his official trip to the East last week and took the opportunity to close succulent agreements for his companies. Musk, however, has assured this Tuesday in a videoconference intervention in an economic forum in Doha organized by Bloomberg that plans to substantially reduce its donations to political campaigns. At the same time, it reaffirms the commitment to its main company, Tesla, ensuring that it intends to continue in front of it within five years.

“In terms of political spending, I will do much less in the future. I think I’ve already done enough,” Musk said when asked about it, although he has left the door open to change his mind. “If I see a reason to make political expenses in the future, I will do it. But I currently see any reason,” he argued.

Musk was the main financier of the presidential campaign of Donald Trump and the Republicans in the elections of November 5, 2024, with more than 280 million dollars. Recently, he allocated more than 20 million to the campaign to cover a position in the Supreme Court of Wisconsin, where he is interested in annulled a law that prevents Tesla from having concessionaires, although the conservative candidate he supported failed in the attempt. The founder of Spacex, owner of the Social Network X and Chief of Tesla has also committed to contributing about 100 million dollars to the Republicans for the campaign of next year’s legislative elections, despite what he said Tuesday.

With a special government employee category, Musk landed in the Government to direct the so -called Government Efficiency Department (Doge), which despite its name is not strictly an administration department. Musk has launched from the Doge false accusations of fraud and has counted spending cuts that were not real, while spreading bulos without stopping through its social network X. The ads of mass layoffs and harassment to federal employees has caused a leak of talent of the administration, damaging the work on the part of the government agencies. At the same time, the richest man in the world has shown his support for leaders and extreme right parties in other countries in the world.

That political implication has scared away Tesla’s customers, whose sales have fallen by force. The boycott on the part of consumers have been accompanied by some isolated episodes of violence against the brand’s dealers, which he has referred to in his speech on Tuesday.

“I did what had to be done. I am not someone who has committed violent acts and yet violent acts have been committed against my companies and I have threatened violent acts. Do not worry: we will go for you,” he said threateningly.

After the setbacks suffered for their political involvement and the lean results of its management in the Doge, which despite the damage caused has been far from the savings objectives that had been proposed, Musk decided to take a step back, as analysts announced to the analysts in the presentation of the Tesla results of the first quarter, in which the benefits of the company sank 71%.

Musk has subtracted importance to the collapse of sales that continues in Europe, saying that the company is improving in other regions. “Sales are going well at this time. We do not foresee any significant fall in sales,” he said.

The billionaire has been asked if he was committed to remaining the CEO of Tesla in five years. “Yes,” he answered with a monosyllable. When the moderator has asked him if he had no doubt about it, he answered laughing: “I will not be able to continue here if I am dead.”

Musk has also criticized Delaware judge who annulled her astronomical compensation in Tesla for the irregularities committed in her award. She has said that the author of the sentence, Kathaleen McCormick, is an “activist who disguises herself as a judge on Halloween.”

The businessman has affirmed that he wants to have “enough control over the votes” to “not be able to be dismissed by activist investors.” “It is not a matter of money, it is a matter of reasonable control over the future of the company, especially if we are building millions, potentially billions, of humanoid robots,” he added, in reference to his Optimus humanoid project.