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Elon Musk, world's richest, pledges to cut political spending amid Tesla brand damage.
Elon Musk, the world's richest person and Tesla CEO, has announced he will significantly reduce his political spending following his support for former President Donald Trump.
Musk's decision comes after his political endorsements, including backing a candidate in Wisconsin’s Supreme Court race, led to brand damage and protests against Tesla.
Despite the shift, Musk noted he may still engage if he sees a reason to do so in the future.
Tesla's stock saw a minor rise after the announcement.
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Elon Musk, el hombre más rico del mundo, planea recortar el gasto político debido a las reacciones contra Tesla.