<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:media="http://search.yahoo.com/mrss/"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>122018055 &#8211; eZNews</title>
	<atom:link href="https://eznews.xyz/tag/122018055/feed/" rel="self" type="application/rss+xml" />
	<link>https://eznews.xyz</link>
	<description>Tech News, Gaming, Travel</description>
	<lastBuildDate>Wed, 21 May 2025 05:42:48 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.0</generator>

<image>
	<url>https://eznews.xyz/wp-content/uploads/2024/07/cropped-eznews-icon-1-32x32.jpeg</url>
	<title>122018055 &#8211; eZNews</title>
	<link>https://eznews.xyz</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Elon Musk&#8217;s pullback from politics comes after his last big investment was a flop</title>
		<link>https://eznews.xyz/world-news/elon-musks-pullback-from-politics-comes-after-his-last-big-investment-was-a-flop/</link>
					<comments>https://eznews.xyz/world-news/elon-musks-pullback-from-politics-comes-after-his-last-big-investment-was-a-flop/#respond</comments>
		
		<dc:creator><![CDATA[Sasa]]></dc:creator>
		<pubDate>Wed, 21 May 2025 05:42:48 +0000</pubDate>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[122018055]]></category>
		<category><![CDATA[2020 United States presidential election]]></category>
		<category><![CDATA[Article]]></category>
		<category><![CDATA[Campaign finance]]></category>
		<category><![CDATA[Courts]]></category>
		<category><![CDATA[Elections]]></category>
		<category><![CDATA[General news]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Public opinion]]></category>
		<category><![CDATA[U.S. news]]></category>
		<category><![CDATA[Voting]]></category>
		<category><![CDATA[Washington news]]></category>
		<guid isPermaLink="false">https://eznews.xyz/world-news/elon-musks-pullback-from-politics-comes-after-his-last-big-investment-was-a-flop/</guid>

					<description><![CDATA[MADISON, Wis. &#8212; Wisconsin could go down as billionaire Elon Musk&#8217;s last big spend on a political campaign. And it was a flop. 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 [&#8230;]]]></description>
										<content:encoded><![CDATA[<p> <br />
</p>
<div data-testid="prism-article-body">
<p class="EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC "><span class="oyrPY qlwaB AGxeB  ">MADISON, Wis. &#8212; </span>Wisconsin could go down as billionaire <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/hub/elon-musk">Elon Musk&#8217;s</a> last big spend on a political campaign.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">And <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/wisconsin-supreme-court-elon-musk-81f71cdda271827ae281a77072a26bad">it was a flop</a>.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Musk, the richest person in the world, said Tuesday that he <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/wisconsin-supreme-court-taylor-trump-elon-musk-20624740aca8adc18cd163ded4f3aee4"/><a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/elon-musk-campaign-donations-ff47d9b4cf02b2e63633edf37823c8ff">would be spending less</a> on political campaigns. The announcement came as Musk is <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/elon-musk-doge-donald-trump-962778979dd35ea79d6092df9cb2cb56">stepping back from his role</a> 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&#8217;s Supreme Court race <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/wisconsin-supreme-court-elon-musk-trump-8fe006c7f8fa40b663eccd6751bada98">lost by 10 percentage points</a>. </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Democrats in the swing state said Musk&#8217;s comments show that a party-led effort in this spring’s election, dubbed “ <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/wisconsin-supreme-court-elon-musk-donald-trump-5012fcc10f6ab086554e7d151ac7f119">People vs. Musk,</a> ” succeeded in making Musk and his money “toxic.” </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">“The people have won,” said Wisconsin Democratic Party Chairman Ben Wikler. “The biggest funder in Republican politics is taking his toys and going home.&#8221;</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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.” </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">“Does he bring with him a lot of baggage? Possibly,” Scholz said. “But over time, maybe not as much.&#8221;</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Musk&#8217;s spending in this year&#8217;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 <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/elon-musk-congress-bipartisan-deal-320a3487d596ae0d2e1ffdc1e62054b3">at least $250 million</a> to help President Donald Trump win, reversing losses in Wisconsin and other battleground states four years earlier.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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 <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/video/cheeseheads-are-everywhere-at-the-nfl-draft-how-did-they-become-so-popular-42bb51e053b148879f456e0b30354957">cheesehead hat</a> — popular with fans of the NFL&#8217;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 <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/elon-musk-donald-trump-rally-butler-election-f718967ec29431a2b9858b1121e70da1">campaigned alongside Trump</a> and headlined some of his own rallies.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">“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.”</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">But his appearance — and money — didn’t work.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">After the defeat, Musk has said little publicly about the race and his involvement in it. His popularity has also plummeted.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">An <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/musk-trump-doge-tesla-d1206a96983b30b9cef7b18eaa8c48a7">Associated Press-NORC Center for Public Affairs poll</a> 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.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Musk&#8217;s involvement in the race came at the same time he was the <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/musk-chainsaw-trump-doge-6568e9e0cfc42ad6cdcfd58a409eb312">chain-saw-wielding</a> face of the Trump administration&#8217;s effort to downsize the federal government.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Pocan is skeptical that Musk truly will back away.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">“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.”</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">“There’s a ton of other billionaire bros, I’m sure, willing and happy to step up in his place,” Roys said. </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Musk could also get involved with future races, but in a much more low-profile way, said Scholz, the Republican.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">“In Wisconsin, he had such a huge, huge, huge profile,” Scholz said. &#8220;He became the campaign. He became the story.”</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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. </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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. </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">In addition to his political contributions, Musk paid three individual voters $1 million each for signing a petition in an effort to <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/america-pac-musk-wisconsin-supreme-court-5c85a9f9b06f26cb2e09f2b35b1ff87a">goose turnout</a>. 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.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Musk himself hosted Schimel on his podcast and cast what was at stake in stark terms.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">“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.”</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy "><a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/musk-soros-wisconsin-supreme-court-trump-b84d437561c28cc2a1cbcc38d5b39954">Democrats made the race</a> a referendum on both Musk and Trump&#8217;s agenda, successfully electing a judge whose victory ensures the Wisconsin Supreme Court will remain under liberal control until at least 2028.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Coincidentally, Musk&#8217;s announcement about spending less on political races came just hours after a liberal judge <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/wisconsin-supreme-court-taylor-trump-elon-musk-20624740aca8adc18cd163ded4f3aee4">announced her candidacy</a> for the 2026 Wisconsin Supreme Court race. </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">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. </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Taylor appeared to be taking a similar approach to her campaign that the winning Democratic-backed candidate did this year.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">“My campaign is going to be a campaign about the people of this state,&#8221; she told The Associated Press, “not about billionaires, not about the most powerful.”</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">___</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN ">Associated Press writer Thomas Beaumont in Des Moines, Iowa, contributed to this report.</p>
</div>
<p><br />
<br /><a href="https://abcnews.go.com/US/wireStory/elon-musks-pullback-politics-after-big-investment-flop-122018055">Source link </a></p>
]]></content:encoded>
					
					<wfw:commentRss>https://eznews.xyz/world-news/elon-musks-pullback-from-politics-comes-after-his-last-big-investment-was-a-flop/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
		<media:content url="https://i2.wp.com/i.abcnewsfe.com/a/7b183b2e-96c6-49b7-8158-7631cacc92eb/wirestory_2aabeb33e70915c88bcc9ba2df3327c6_16x9.jpg?w=1600&#038;ssl=1" medium="image"></media:content>
            	</item>
	</channel>
</rss>
