Tesla CEO said in a speech at an economic forum in Qatar on Tuesday that he currently does not see any reason to spend money politically.
He said he thinks he has done enough, according to Politico.
He has also previously said that he will step down from the White House's so-called Doge efficiency organization.
Elon Musk donated over 290 million dollars from his own pocket to Donald Trump's presidential campaign.
Since then, he has continued to pour money to try to influence American politics, most recently in Wisconsin where he donated to a conservative candidate ahead of a judicial election to the state's supreme court – which lost.
