Elon Musk is expanding his influence in US politics by backing Republican candidates ahead of the midterm elections. The billionaire CEO’s involvement comes as he wraps up his efforts to promote Dogecoin (DOGE), a cryptocurrency that has seen limited adoption and success.
Musk has invested in several Republican candidates, including those who are likely to support his business interests. However, his attempts to sway the outcome of the election have been met with criticism, particularly after he lost an election in Wisconsin earlier this year.
The loss highlights the limits of Musk’s political influence, which is still developing as a significant player in US elections. Despite his efforts, Musk remains a divisive figure, and his backing of Republican candidates may not necessarily guarantee their success.
Source: https://www.reuters.com/business/autos-transportation/musk-lays-groundwork-big-donor-role-midterm-elections-time-with-doge-ends-2025-04-28