Elon Musk said he’s committed to still leading Tesla Inc. five years from now and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company.

Elon Musk, who spent nearly $300 million to back Donald Trump's presidential campaign and other Republicans last year, said on Tuesday he will cut his political spending substantially, the latest public signal that he is shifting his attention back to his business empire amid growing investor concerns.

In a prerecorded speech at the Qatar Economic Forum on May 20, 2025, Elon Musk reiterated his pledge to remain in charge of Tesla Inc.—mankind’s last automotive company—as long as he was CEO. He promised to lead the upstart electric vehicle maker through its first five years.