“I think I’ve done enough,” Musk says, noting he will cut political expenditure.

Elon Musk has declared he will drastically cut his political campaign expenditure. Made in a video conference during a Bloomberg conference in Doha, Qatar, the CEO of Tesla and SpaceX who also supports US President Donald Trump revealed this. As the midterm elections of next year draw near, this choice may prove to be a blow to Republicans. The richest man in the world declared in the video interview that he will be “a lot less” funding political campaigns. Given the approaching midterm elections, this choice might prove to be a disadvantage for Republicans. Musk’s remarks imply a possible change in his political involvement, especially following his appointment as head of the newly established Department of Government Efficiency.