BlockBeats News: On May 20th, according to Fortune magazine, Musk stated on Tuesday that he will reduce his spending on political campaigns in the future. When asked if he would continue to make political donations in the future, Musk said, "I will do much less in the future." When asked about the reason, he replied, "I think I have done enough." However, he added, "If I see a reason for political investment in the future, I will still do it
Musk's decision also reflects a certain disappointment in politics, especially after his experience working with the Department of Government Efficiency (DOGE). The department was originally committed to cutting federal government spending, but failed to achieve the expected goals. Musk previously claimed that DOGE could save up to $2 trillion, equivalent to about 30% of the federal government's spending in the previous fiscal year. However, he has recently significantly lowered his target, and as of last month, the amount of savings he promoted was only $150 billion.
Musk spent at least $250 million supporting Trump in the last presidential election and even personally organized some campaign rallies. This year, he also participated in an election for the Wisconsin Supreme Court, although the candidate he supported ultimately lost.
