After a turbulent year marked by setbacks and controversies, Elon Musk surprises everyone with a bold new commitment to turn things around.

Elon Musk, who spent more than $250 million dollars on Donald Trump’s election campaign, has said he plans to reduce political spending, stating "I’ve done enough".

Elon Musk wants you to know he's not going anywhere. In a remote appearance at the Qatar Economic Forum, the Tesla (NASDAQ:TSLA) CEO said he plans to lead the company for at least another five years a much-needed dose of reassurance for shareholders rattled by sliding sales and courtroom drama around his scrapped $56 billion pay package.

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.

Elon Musk's changed tune could be a saving grace for many House and Senate Republicans skeptical of President Donald Trump's agenda.

Musk shed 25 percent of his personal wealth in ... your political endeavors?” Husain asked. After a long pause, Musk replied, “I did what needed to be done.” Elon Musk is having a hard ...

Gift 5 articles to anyone you choose each month when you subscribe. Elon Musk, who spent almost $US300 million to back Donald Trump’s presidential campaign and ...

Elon Musk and Donald Trump were the main characters on the internet and across Washington day after day. Then the world’s richest man started to fade away. On Truth Social, where Trump is known ...

The announcement comes after Saudi Crown Prince Mohammed bin Salman pledged a $600 billion investment in the U.S. in January during Trump’s first phone call to a foreign leader as president. The White House is floating the idea of renaming the body of water to the “Arabian Gulf,” a move that will please Saudi and the U.S.’s other Arab allies.

Elon Musk, the world's richest man and a prominent Republican megadonor, has announced a significant reduction in his political investments for future elections.