Elon Musk’s pullback from politics comes after his last big investment was a flop
May 20, 2025
Wisconsin could go down as billionaire Elon Musk’s last big spend on a political campaign. And it was a flop. Musk, the richest person in the world, said Tuesday that he would be spending less on political campaigns, an announcement that came just seven weeks after the candidate he backed in Wisconsin’s Supreme Court race lost by 10 percentage points. Musk’s spending helped make it the most expensive court race in U.S. history. And it came just five months after Musk spent at least $250 million to help President Donald Trump win, reversing losses in Wisconsin and other battleground states four years earlier.
