DOHA - Elon Musk said he plans to significantly cut political spending and is committed to staying on as Tesla's CEO for another five years, aiming to address concerns about balancing his role at the automaker with his involvement in the Trump administration.

Elon Musk is taking a step back from politics — technically. All of them might want to pump the brakes a little. Yes, cutting back on campaign spending is a concrete, measurable change in his political profile.