Musk, who ultimately spent more than $250m (£187m) in support of Trump's campaign, told an economic conference in Qatar that he planned to do "a lot less" spending in the future. He also said he was committed to leading electric car company Tesla for another five years.

By Andrew Mills, Nandita Bose and Akash Sriram DOHA/WASHINGTON (Reuters) -Elon Musk, who spent nearly $300 million to support Donald Trump's presidential campaign and other Republicans last year, said on Tuesday he plans to cut his political spending significantly.