Elon Musk, the richest person in the world and a key financial supporter of President Donald Trump, said Tuesday that he’ll be spending less on political campaigns.
Musk revealed his decision via videoconference during a Bloomberg forum in Doha, Qatar. It could be a setback for Republicans before next year’s midterm elections.
Asked about his plans for future political spending, Musk replied, “I’m going to do a lot less in the future.” Asked why, he responded, “I think I’ve done enough.”
He added, “If I see a reason to do political spending in the future, I will do it.”
