Musk plans to cut back on political spending

Elon Musk has said he is committed to remaining as Tesla's chief executive for at least five years, as the electric carmaker faces pressure from consumers and the stock market over his work with Donald Trump's government.

The world's richest man said he will cut back on political spending after heavily backing the US president last year. During a video appearance at the Qatar Economic Forum hosted by Bloomberg, a moderator asked: "Do you see yourself and are you committed to still being the chief executive of Tesla in five years' time?" Musk responded: "Yes." The moderator added: "No doubt about that at all?" Musk chuckled and replied: "I can't be still here if I'm dead." Tesla has borne the brunt of the outrage against Musk over his work with Mr Trump as part of his Department of Government Efficiency (DOGE), which implemented cuts across the US federal government.

Asked if the reaction made him think twice about his involvement in politics, Musk said: "I did what needed to be done. "I'm not someone who has ever committed violence and yet massive violence was committed against my companies, massive violence was threatened against me." He added: "Don't worry: We're coming for you." Musk spent at least 250 million dollars (£187m) supporting Mr Trump in the presidential campaign, and even held some of his own campaign rallies.

"I'm going to do a lot less in the future," Mr Musk said. Asked why, he responded: "I think I've done enough." And he added: "Well, if I see a reason to do political spending in the future, I will do it.

I do not currently see a reason." Read more:US has a red line in Ukraine-Russia talks, says TrumpKing writes to Biden after he reveals cancer diagnosis Aspirations to build 'billions of humanoid robots' It comes after a Tesla pay package Musk was due, once valued at $56bn (£41.8bn) was stopped by a judge in Delaware. Musk referred to chancellor Kathaleen St Jude McCormick as an "activist who is cosplaying a judge in a Halloween costume".

But he acknowledged his Tesla pay was part of his consideration about staying with Tesla, though he also wanted "sufficient voting control" so he "cannot be ousted by activist investors". "It's not a money thing, it's a reasonable control thing over the future of the company, especially if we're building millions, potentially billions of humanoid robots," he added..