Elon Musk, CEO of Tesla, announced a significant reduction in political donations, citing he has "done enough." This decision reflects strategic changes within Tesla and Starlink after substantial investments during the 2024 election cycle.
With a reported 71% drop in Tesla's net income for Q1 2025, Musk's funding cuts indicate a reevaluation of his financial commitments amid ongoing business challenges.
His political donations, totaling nearly $290 million, demonstrate his past influence but suggest a shift toward prioritizing technological advancements, particularly with Starlink's new approvals for maritime and aviation services.
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