Scorned Elon Turns Off Republicans' Cash Gusher for Midterms

[Eugene]

Source: The Daily Beast

Scorned Elon Turns Off Republicans’ Cash Gusher for Midterms

After months of watching his stocks plummet, the DOGE boss plans to cut back on funding MAGA campaigns

Farrah Tomazin
Political Correspondent

Updated May 20 2025 3:06PM EDT
Published May 20 2025 2:33PM EDT

Elon Musk says he has “done enough” to help MAGA Republicans win elections, signaling a shift in his kingmaker role as Donald Trump’s top campaign backer.

After months of watching his popularity plummet, the DOGE slasher-in-chief said he plans to cut back on funding political campaigns, a move that could dampen the Republicans’ efforts at next year’s midterm elections and in the lead up to the 2028 presidential election.

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But while the entrepreneur was once a regular fixture at the White House and known as Trump’s “buddy in chief,” the Tesla CEO has barely been mentioned in the president’s social media posts since April, according to a Politico report.

This coincided with Musk facing a humiliating defeat in the Wisconsin state Supreme Court race, when his preferred candidate Brad Schimel lost by 10 points despite Musk pouring a record $21 million into the contest and campaigning for Schimel dressed in a cheese hat.

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Read more: https://www.thedailybeast.com/scorned-elon-turns-off-republicans-cash-gusher-for-midterms/

Alternate link: https://finance.yahoo.com/news/scorned-elon-turns-off-republicans-183354974.html

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not that long ago, this aspiring kingmaker threatened to bankroll primary challengers against any Republican — and even some Democrats — who didn't toe the Trump line

[Midnight Writer]

1. Don't write him off. A fool and his money are often lovebombed into Republican politics.

Musk is erratic, a wild card that can enter the game at any time.