Elon Musk said he’s committed to still leading Tesla Inc. five years from now and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company.

Elon Musk, who spent nearly $300 million to back Donald Trump's presidential campaign and other Republicans last year, said on Tuesday he will cut his political spending substantially, the latest public signal that he is shifting his attention back to his business empire amid growing investor concerns.

Rep. Greg Casar (D-Texas) urged fellow Democrats to continue publicly calling for Elon Musk’s ouster from government, even as he takes a step back to refocus on his companies. “Elon Musk isn’t gone, and we can’t let Republicans pretend he is just because he’s unpopular now,

Elon Musk shifts his focus from the White House to Wall Street, putting the Republican Party on alert. He is stepping back from financing Donald Trump's party. Musk was an influential figure in the early days of the new Republican administration under Donald Trump,

In a prerecorded speech at the Qatar Economic Forum on May 20, 2025, Elon Musk reiterated his pledge to remain in charge of Tesla Inc.—mankind’s last automotive company—as long as he was CEO. He promised to lead the upstart electric vehicle maker through its first five years.