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Elon Musk's pullback from politics comes after his last big investment was a flop

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Elon Musk's pullback from politics comes after his last big investment was a flop
News

News

Elon Musk's pullback from politics comes after his last big investment was a flop

2025-05-22 00:45 Last Updated At:00:51

MADISON, Wis. (AP) — Wisconsin could go down as billionaire Elon Musk's last big spend on a political campaign.

And it was a flop.

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FILE - Wisconsin Supreme Court candidate Brad Schimel makes his concession speech to a crowd at his election night party, in Pewaukee, Wis., April 1, 2025. (AP Photo/Andy Manis, File)

FILE - Wisconsin Supreme Court candidate Brad Schimel makes his concession speech to a crowd at his election night party, in Pewaukee, Wis., April 1, 2025. (AP Photo/Andy Manis, File)

FILE - Elon Musk presents a check for $1 million dollars to a man during a town hall March 30, 2025, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, File)

FILE - Elon Musk presents a check for $1 million dollars to a man during a town hall March 30, 2025, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, File)

FILE - Elon Musk jumps on the stage as Republican presidential nominee former President Donald Trump speaks at a campaign rally at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. (AP Photo/Evan Vucci, File)

FILE - Elon Musk jumps on the stage as Republican presidential nominee former President Donald Trump speaks at a campaign rally at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. (AP Photo/Evan Vucci, File)

FILE - Elon Musk speaks at a town hall March 30, 2025, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, File)

FILE - Elon Musk speaks at a town hall March 30, 2025, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, File)

Musk, the richest person in the world, said Tuesday that he would be spending less on political campaigns. The announcement came as Musk is stepping back from his role in the Trump administration, saying he will spend more time focused on his businesses, and just seven weeks after the candidate he backed in Wisconsin's Supreme Court race lost by 10 percentage points.

Democrats in the swing state said Musk's comments show that a party-led effort in this spring’s election, dubbed “ People vs. Musk, ” succeeded in making Musk and his money “toxic.”

“The people have won,” said Wisconsin Democratic Party Chairman Ben Wikler. “The biggest funder in Republican politics is taking his toys and going home."

Brandon Scholz, a retired longtime Republican strategist in the state, said that at least in Wisconsin, “after that court race he deserves to be labeled as toxic.”

But that doesn’t mean Musk couldn’t spend money on races in the state and nationally again, especially if the stakes are high and his money could make a difference, Scholz said.

“Does he bring with him a lot of baggage? Possibly,” Scholz said. “But over time, maybe not as much."

Musk's spending in this year's Wisconsin Supreme Court race helped make it the most expensive court race in U.S. history. And it came just five months after Musk spent at least $250 million to help President Donald Trump win, reversing losses in Wisconsin and other battleground states four years earlier.

Musk was all-in on the Wisconsin Supreme Court race, even making a personal appearance in Green Bay the weekend before the election wearing a cheesehead hat — popular with fans of the NFL's Green Bay Packers — and personally handing out checks for $1 million to supporters. It was an extension of Musk’s high-profile role in the presidential race, where he campaigned alongside Trump and headlined some of his own rallies.

“It’s a super big deal,” he told the roughly 2,000-person crowd in the event center, where hundreds of protesters were rallying against his appearance outside. “I’m not phoning it in. I’m here in person.”

But his appearance — and money — didn’t work.

The candidate Musk backed lost Brown County, the home of Green Bay, by 3 percentage points, going on to lose statewide by more than three times that margin.

After the defeat, Musk has said little publicly about the race and his involvement in it. His popularity has also plummeted.

An Associated Press-NORC Center for Public Affairs poll taken two weeks after the Wisconsin court election found that just 33% of adults had a favorable view of the Tesla CEO, down from 41% in December.

Musk's involvement in the race came at the same time he was the chain-saw-wielding face of the Trump administration's effort to downsize the federal government.

His Department of Government Efficiency, also known as DOGE, has enacted deep cuts to the workforce and spending, in some cases seeking to shutter entire agencies, but it has fallen far short of its goals for reducing federal spending.

Democratic U.S. Rep. Mark Pocan, of Wisconsin, is one of the most liberal members of Congress and a loud critic of both Trump and Musk.

Pocan is skeptical that Musk truly will back away.

“I don’t believe any of it, first of all,” Pocan said. “This just means they realize how toxic Elon Musk is and the work he did through DOGE.”

Kelda Roys, a Democratic state senator, was also tempered in her excitement over Musk saying he plans to do a “lot less” political spending in the future.

“There’s a ton of other billionaire bros, I’m sure, willing and happy to step up in his place,” Roys said.

Musk could also get involved with future races, but in a much more low-profile way, said Scholz, the Republican.

“In Wisconsin, he had such a huge, huge, huge profile,” Scholz said. "He became the campaign. He became the story.”

Musk spent at least $3 million on the Wisconsin Supreme Court race himself. Musk-backed groups America PAC and a Rebuilding America’s Future spent another $19 million in support of the Republican-backed candidate Brad Schimel. That was part of more than $100 million spent on both sides.

America PAC spent at least $6 million on vendors who sent door-to-door canvassers across the state, according to the nonpartisan Wisconsin Democracy Campaign. It was a reprise of what the group did last fall across the seven most competitive presidential battleground states, including Wisconsin, which were carried by Trump.

In addition to his political contributions, Musk paid three individual voters $1 million each for signing a petition in an effort to goose turnout. Musk also offered to pay $20 to anyone who signed up on his group’s site to knock on doors for Schimel and posted a photo of themselves as proof. His organization promised $100 to every voter who signed the petition against “activist judges” and another $100 for every signer they referred.

Musk himself hosted Schimel on his podcast and cast what was at stake in stark terms.

“A seemingly small election could determine the fate of Western civilization,” Musk said in a social media post on the April 1 election day. “I think it matters for the future of the world.”

Democrats made the race a referendum on both Musk and Trump's agenda, successfully electing a judge whose victory ensures the Wisconsin Supreme Court will remain under liberal control until at least 2028.

Coincidentally, Musk's announcement about spending less on political races came just hours after a liberal judge announced her candidacy for the 2026 Wisconsin Supreme Court race.

Wisconsin Appeals Court Judge Chris Taylor is challenging a conservative incumbent justice who sided with Trump in his unsuccessful lawsuit that attempted to overturn his 2020 loss in Wisconsin. The race will be decided in April, months before the midterms in which Democrats hope unease with Trump and Musk will help the party make gains.

Taylor appeared to be taking a similar approach to her campaign that the winning Democratic-backed candidate did this year.

“My campaign is going to be a campaign about the people of this state," she told The Associated Press, “not about billionaires, not about the most powerful.”

Associated Press writer Thomas Beaumont in Des Moines, Iowa, contributed to this report.

FILE - Wisconsin Supreme Court candidate Brad Schimel makes his concession speech to a crowd at his election night party, in Pewaukee, Wis., April 1, 2025. (AP Photo/Andy Manis, File)

FILE - Wisconsin Supreme Court candidate Brad Schimel makes his concession speech to a crowd at his election night party, in Pewaukee, Wis., April 1, 2025. (AP Photo/Andy Manis, File)

FILE - Elon Musk presents a check for $1 million dollars to a man during a town hall March 30, 2025, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, File)

FILE - Elon Musk presents a check for $1 million dollars to a man during a town hall March 30, 2025, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, File)

FILE - Elon Musk jumps on the stage as Republican presidential nominee former President Donald Trump speaks at a campaign rally at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. (AP Photo/Evan Vucci, File)

FILE - Elon Musk jumps on the stage as Republican presidential nominee former President Donald Trump speaks at a campaign rally at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. (AP Photo/Evan Vucci, File)

FILE - Elon Musk speaks at a town hall March 30, 2025, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, File)

FILE - Elon Musk speaks at a town hall March 30, 2025, in Green Bay, Wis. (AP Photo/Jeffrey Phelps, File)

ST. LOUIS (AP) — World champions Ilia Malinin and the ice dance duo of Madison Chock and Evan Bates will anchor one of the strongest U.S. Figure Skating teams in history when they head to Italy for the Milan Cortina Olympics in less than a month.

Malinin, fresh off his fourth straight national title, will be the prohibitive favorite to follow in the footsteps of Nathan Chen by delivering another men's gold medal for the American squad when he steps on the ice at the Milano Ice Skating Arena.

Chock and Bates, who won their record-setting seventh U.S. title Saturday night, also will be among the Olympic favorites, as will world champion Alysa Liu and women's teammate Amber Glenn, fresh off her third consecutive national title.

U.S. Figure Skating announced its full squad of 16 athletes for the Winter Games during a made-for-TV celebration Sunday.

"I'm just so excited for the Olympic spirit, the Olympic environment," Malinin said. “Hopefully go for that Olympic gold.”

Malinin will be joined on the men's side by Andrew Torgashev, the all-or-nothing 24-year-old from Coral Springs, Florida, and Maxim Naumov, the 24-year-old from Simsbury, Connecticut, who fulfilled the hopes of his late parents by making the Olympic team.

Vadim Naumov and Evgenia Shishkova were returning from a talent camp in Kansas when their American Airlines flight collided with a military helicopter and crashed into the icy Potomac River in January 2025. One of the last conversations they had with their son was about what it would take for him to follow in their footsteps by becoming an Olympian.

“We absolutely did it,” Naumov said. “Every day, year after year, we talked about the Olympics. It means so much in our family. It's what I've been thinking about since I was 5 years old, before I even know what to think. I can't put this into words.”

Chock and Bates helped the Americans win team gold at the Beijing Games four years ago, but they finished fourth — one spot out of the medals — in the ice dance competition. They have hardly finished anywhere but first in the years since, winning three consecutive world championships and the gold medal at three straight Grand Prix Finals.

U.S. silver medalists Emilea Zingas and Vadym Kolesnik also made the dance team, as did the Canadian-born Christina Carreira, who became eligible for the Olympics in November when her American citizenship came through, and Anthony Ponomarenko.

Liu was picked for her second Olympic team after briefly retiring following the Beijing Games. She had been burned out by years of practice and competing, but stepping away seemed to rejuvenate the 20-year-old from Clovis, California, and she returned to win the first world title by an American since Kimmie Meissner stood atop the podium two decades ago.

Now, the avant-garde Liu will be trying to help the U.S. win its first women's medal since Sasha Cohen in Turin in 2006, and perhaps the first gold medal since Sarah Hughes triumphed four years earlier at the Salt Lake City Games.

Her biggest competition, besides a powerful Japanese contingent, could come from her own teammates: Glenn, a first-time Olympian, has been nearly unbeatable the past two years, while 18-year-old Isabeau Levito is a former world silver medalist.

"This was my goal and my dream and it just feels so special that it came true,” said Levito, whose mother is originally from Milan.

The two pairs spots went to Ellie Kam and Danny O'Shea, the U.S. silver medalists, and the team of Emily Chan and Spencer Howe.

The top American pairs team, two-time reigning U.S. champions Alisa Efimova and Misha Mitrofanov, were hoping that the Finnish-born Efimova would get her citizenship approved in time to compete in Italy. But despite efforts by the Skating Club of Boston, where they train, and the help of their U.S. senators, she did not receive her passport by the selection deadline.

“The importance and magnitude of selecting an Olympic team is one of the most important milestones in an athlete's life,” U.S. Figure Skating CEO Matt Farrell said, "and it has such an impact, and while there are sometimes rules, there is also a human element to this that we really have to take into account as we make decisions and what's best going forward from a selection process.

“Sometimes these aren't easy," Farrell said, “and this is not the fun part.”

The fun is just beginning, though, for the 16 athletes picked for the powerful American team.

AP Olympics: https://apnews.com/hub/milan-cortina-2026-winter-olympics

Amber Glenn competes during the women's free skating competition at the U.S. Figure Skating Championships, Friday, Jan. 9, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Amber Glenn competes during the women's free skating competition at the U.S. Figure Skating Championships, Friday, Jan. 9, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Alysa Liu skates during the "Making Team USA" performance at the U.S. Figure Skating Championships, Sunday, Jan. 11, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Alysa Liu skates during the "Making Team USA" performance at the U.S. Figure Skating Championships, Sunday, Jan. 11, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Maxim Naumov skates during the "Making Team USA" performance at the U.S. Figure Skating Championships, Sunday, Jan. 11, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Maxim Naumov skates during the "Making Team USA" performance at the U.S. Figure Skating Championships, Sunday, Jan. 11, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Madison Chock and Evan Bates skate during the "Making the Team" performance at the U.S. Figure Skating Championships, Sunday, Jan. 11, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Madison Chock and Evan Bates skate during the "Making the Team" performance at the U.S. Figure Skating Championships, Sunday, Jan. 11, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Gold medalist Ilia Malinin arrives for the metal ceremony after the men's free skate competition at the U.S. Figure Skating Championships, Saturday, Jan. 10, 2026, in St. Louis. (AP Photo/Jeff Roberson)

Gold medalist Ilia Malinin arrives for the metal ceremony after the men's free skate competition at the U.S. Figure Skating Championships, Saturday, Jan. 10, 2026, in St. Louis. (AP Photo/Jeff Roberson)

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