Elon Musk announced that he plans to dramatically scale back his political contributions in upcoming elections, saying, "I think I've done enough," after spending more than $250 million to support now-President Donald Trump's 2024 campaign.
Musk became one of the GOP's most influential donors during the 2024 election cycle, endorsing Trump after a failed assassination attempt in Butler, Pennsylvania. His spending included direct donations and legally questionable voter lotteries offering $1 million prizes in swing states, which drew scrutiny from election watchdogs and civil rights groups, according to Axios.
