Tech billionaire Elon Musk is prompting questions about his next steps as he signals he might wind down his political activity.
Last week, the Tesla CEO said he’s planning to scale back his spending after injecting hundreds of millions of dollars into the 2024 election, a big potential blow for GOP campaign coffers moving forward.
The announcement comes as Musk also cools his involvement in the Trump White House to turn more attention to his businesses — even as voices on both sides of the aisle are skeptical that the megadonor will make a full exit from politics.
“Anytime the biggest donor says he’s going to pull back, that’s a concern for the party,” GOP strategist Alex Conant said.
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