WASHINGTON — Elon Musk, the richest person in the world and a key financial supporter of U.S. President Donald Trump, said Tuesday that he’ll be spending “a lot less” on political campaigns, a reversal that could be a setback for Republicans ahead of next year’s midterm elections.

"I think I've done enough," he said, adding on the topic of blowback against Tesla: "Seeing cars burning is not fun."{ai:summary}Elon Musk has announced he will significantly reduce his financial contributions to political campaigns, a shift that may hinder Republican efforts in the upcoming midterm elections. His previous support had been a notable asset for the party. #politics

Elon Musk says he'll reduce political spending after heavily backing Trump in 2024

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