Last night, Musk dropped a bombshell at the Qatar Economic Forum: "Political donations need to be cut significantly from now on!" How did this super donor, who once splashed out $250 million to support Trump, suddenly decide to "hold back"?
During last year's election season, Musk truly invested $290 million in the Trump team, and this year he splurged $25 million for the Wisconsin Supreme Court election, only for the candidate he supported to be "slapped in the face" by voters and eliminated. The most heartbreaking part is that his self-created "Department of Government Efficiency" (DOGE), which boasted it could save $2 trillion, ended up struggling for half a year to scrape together only $150 billion—this performance doesn’t even reach a fraction of the KPI.
Now Tesla is also having a rough time; in the first quarter of this year, revenue plummeted by 9.2%, and the stock price has been cut in half from its peak. Shareholders have already exploded: "You’re messing around with politics in Washington every day, does the company even matter anymore?" Musk seems to have taken the advice this time, declaring that he will firmly hold onto the CEO position for the next five years and will only spend 1-2 days a week at the White House. After all, with his own backyard on fire, if he doesn’t put it out soon, it will truly become a "Mars enterprise."
The Trump team is probably panicking now—last year, Musk was standing on stage with the largest political cash bundle in the U.S. However, White House insiders have secretly hinted: "He just doesn't want to be a live target anymore; there are plenty of private channels for him to support as needed." After all, Musk still holds the X platform, this public opinion nuclear weapon; if he really wants to stir things up, why would he need to dip into his own pockets?