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    Home » Elon Musk’s last political investment was a huge flop
    Politics

    Elon Musk’s last political investment was a huge flop

    morshediBy morshediMay 21, 2025No Comments8 Mins Read
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    Elon Musk’s last political investment was a huge flop
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    MADISON, Wis. (AP) — Wisconsin might go down as billionaire Elon Musk’s final huge spend on a political marketing campaign.

    And it was a flop.

    Musk, the richest individual on this planet, stated Tuesday that he would be spending less on political campaigns. The announcement got here as Musk is stepping back from his role within the Trump administration, saying he’ll spend extra time centered on his companies, and simply seven weeks after the candidate he backed in Wisconsin’s Supreme Court docket race lost by 10 percentage points.

    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)

    Wisconsin Supreme Court docket candidate Brad Schimel makes his concession speech to a crowd at his election night time occasion, in Pewaukee, Wis., April 1, 2025. (AP Picture/Andy Manis, File)

    Democrats within the swing state stated Musk’s feedback present {that a} party-led effort on this spring’s election, dubbed “ People vs. Musk, ” succeeded in making Musk and his cash “poisonous.”

    “The folks have gained,” stated Wisconsin Democratic Celebration Chairman Ben Wikler. “The most important funder in Republican politics is taking his toys and going dwelling.”

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

    However that doesn’t imply Musk couldn’t spend cash on races within the state and nationally once more, particularly if the stakes are excessive and his cash might make a distinction, Scholz stated.

    “Does he convey with him a variety of baggage? Probably,” Scholz stated. “However over time, possibly not as a lot.”

    Musk’s spending on this yr’s Wisconsin Supreme Court docket race helped make it the costliest court docket race in U.S. historical past. And it got here simply 5 months after Musk spent at least $250 million to assist President Donald Trump win, reversing losses in Wisconsin and different battleground states 4 years earlier.

    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)

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

    Musk was all-in on the Wisconsin Supreme Court docket race, even making a private look in Inexperienced Bay the weekend earlier than the election carrying a cheesehead hat — fashionable with followers of the NFL’s Inexperienced Bay Packers — and personally handing out checks for $1 million to supporters. It was an extension of Musk’s high-profile position within the presidential race, the place he campaigned alongside Trump and headlined a few of his personal rallies.

    “It’s a brilliant huge deal,” he informed the roughly 2,000-person crowd within the occasion heart, the place a whole lot of protesters have been rallying towards his look outdoors. “I’m not phoning it in. I’m right here in individual.”

    However his look — and cash — didn’t work.

    The candidate Musk backed misplaced Brown County, the house of Inexperienced Bay, by 3 share factors, occurring to lose statewide by greater than thrice that margin.

    After the defeat, Musk has stated little publicly in regards to the race and his involvement in it. His reputation has additionally plummeted.

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

    Musk’s involvement within the race got here on the identical time he was the chain-saw-wielding face of the Trump administration’s effort to downsize the federal authorities.

    His Division of Authorities Effectivity, also called DOGE, has enacted deep cuts to the workforce and spending, in some circumstances in search of to shutter complete companies, but it surely has fallen far in need of its objectives for lowering federal spending.

    Elon Musk holds up a chainsaw he received from Argentina's President Javier Milei, right, as they arrive to speak at the Conservative Political Action Conference, CPAC, at the Gaylord National Resort & Convention Center, Thursday, Feb. 20, 2025, in Oxon Hill, Md. (AP Photo/Jose Luis Magana)

    Elon Musk holds up a chainsaw he obtained from Argentina’s President Javier Milei, proper, as they arrive to talk on the Conservative Political Motion Convention, CPAC, on the Gaylord Nationwide Resort & Conference Middle, Thursday, Feb. 20, 2025, in Oxon Hill, Md. (AP Picture/Jose Luis Magana)

    Democratic U.S. Rep. Mark Pocan, of Wisconsin, is without doubt one of the most liberal members of Congress and a loud critic of each Trump and Musk.

    Pocan is skeptical that Musk really will again away.

    “I don’t imagine any of it, to start with,” Pocan stated. “This simply means they understand how poisonous Elon Musk is and the work he did via DOGE.”

    Kelda Roys, a Democratic state senator, was additionally tempered in her pleasure over Musk saying he plans to do a “lot much less” political spending sooner or later.

    “There’s a ton of different billionaire bros, I’m positive, keen and blissful to step up in his place,” Roys stated.

    Musk might additionally get entangled with future races, however in a way more low-profile manner, stated Scholz, the Republican.

    “In Wisconsin, he had such an enormous, enormous, enormous profile,” Scholz stated. “He turned the marketing campaign. He turned the story.”

    Musk spent at the least $3 million on the Wisconsin Supreme Court docket race himself. Musk-backed teams America PAC and a Rebuilding America’s Future spent one other $19 million in assist of the Republican-backed candidate Brad Schimel. That was a part of greater than $100 million spent on each side.

    America PAC spent at the least $6 million on distributors who despatched door-to-door canvassers throughout the state, in response to the nonpartisan Wisconsin Democracy Marketing campaign. It was a reprise of what the group did final fall throughout the seven best presidential battleground states, together with Wisconsin, which have been carried by Trump.

    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)

    Elon Musk presents a test for $1 million {dollars} to a person throughout a city corridor March 30, 2025, in Inexperienced Bay, Wis. (AP Picture/Jeffrey Phelps, File)

    Along with his political contributions, Musk paid three particular person voters $1 million every for signing a petition in an effort to goose turnout. Musk additionally provided to pay $20 to anybody who signed up on his group’s website to knock on doorways for Schimel and posted a photograph of themselves as proof. His group promised $100 to each voter who signed the petition towards “activist judges” and one other $100 for each signer they referred.

    Musk himself hosted Schimel on his podcast and solid what was at stake in stark phrases.

    “A seemingly small election might decide the destiny of Western civilization,” Musk stated in a social media publish on the April 1 election day. “I feel it issues for the way forward for the world.”

    Democrats made the race a referendum on each Musk and Trump’s agenda, efficiently electing a choose whose victory ensures the Wisconsin Supreme Court docket will stay below liberal management till at the least 2028.

    Coincidentally, Musk’s announcement about spending much less on political races got here simply hours after a liberal choose announced her candidacy for the 2026 Wisconsin Supreme Court docket race.

    Wisconsin Appeals Court docket Decide Chris Taylor is difficult a conservative incumbent justice who sided with Trump in his unsuccessful lawsuit that tried to overturn his 2020 loss in Wisconsin. The race will likely be determined in April, months earlier than the midterms through which Democrats hope unease with Trump and Musk will assist the occasion make good points.

    Taylor gave the impression to be taking the same method to her marketing campaign that the profitable Democratic-backed candidate did this yr.

    “My marketing campaign goes to be a marketing campaign in regards to the folks of this state,” she informed The Related Press, “not about billionaires, not about probably the most highly effective.”

    Vanessa Gonzalez joins other protesters carrying signs and chanting slogans outside a Tesla showroom and service center in the North Hollywood section of Los Angeles, March 15, 2025. (AP Photo/Richard Vogel, File)

    Vanessa Gonzalez joins different protesters carrying indicators and chanting slogans outdoors a Tesla showroom and repair heart within the North Hollywood part of Los Angeles, March 15, 2025. (AP Picture/Richard Vogel, File)

    ___

    Related Press author Thomas Beaumont in Des Moines, Iowa, contributed to this report.





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