Elon Musk says he will remain Tesla CEO and plans to cut back on political spending

Elon Musk
Reuters

Elon Musk confirmed he plans to stay as Tesla’s chief executive for at least five more years. Speaking at the Qatar Economic Forum, Musk said despite pressure over his ties to Donald Trump’s administration, he remains committed to leading the electric car company.

Musk also announced he will reduce his political spending after heavily backing Trump last year, including spending at least $250 million on the campaign and holding his own rallies. “I think I’ve done enough,” Musk said, adding he might spend in the future only if there is a clear reason.

The billionaire faced backlash over his work with Trump’s Department of Government Efficiency, but defended his involvement, saying, “I did what needed to be done.” Musk also warned critics, “Don’t worry: we’re coming for you.”

This comes as a judge in Delaware blocked a $56 billion Tesla pay package for Musk, calling the chancellor an “activist who is cosplaying a judge.” 

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