Credited from: HUFFPOST
In a recent video appearance at the Qatar Economic Forum, Elon Musk reaffirmed his commitment to being the CEO of Tesla for at least the next five years, stating, "Yes," when asked if he intends to continue in the role. He added humorously, "I can't be still here if I'm dead," addressing speculations about his future amid growing scrutiny of his political involvement and company performance, according to CBS News and India Times.
Musk also announced his plans to cut back significantly on political spending, declaring, "In terms of political spending, I’m going to do a lot less in the future," during the same forum. This statement comes after he spent over $250 million supporting Donald Trump's campaigns, including a notable role in his administration's initiatives, particularly the Department of Government Efficiency, as detailed by ABC News and Business Insider.
The rationale behind Musk's reduction in political contributions appears to stem from intense criticism and backlash regarding his governmental role, which has coincided with a decline in Tesla's market performance, including protests at Tesla dealerships. Musk remarked, "If I see a reason to do political spending in the future, I will do it. I do not currently see a reason," reflecting on his turbulent political journey, according to HuffPost and The Hill.
Musk acknowledged that his affiliation with certain political initiatives has led to customer pushback and social media backlash but maintained that Tesla’s market capitalization has stabilized despite these challenges. "We're now back over a trillion dollars in market cap, so clearly, the market is aware of the situation," he explained, as noted by Al Jazeera and New York Times.