Elon Musk, Chief Executive Officer (CEO) of Tesla, announced plans to significantly reduce his political contributions during an economic forum in Doha, Qatar, on Tuesday. He also affirmed his commitment to remain at the helm of Tesla for the next five years.

Elon Musk vows to lead Tesla for at least five more years, despite backlash over leadership, falling sales, and pay disputes.

Elon Musk got into a tense exchange Tuesday with CNBC anchor David Faber after he pressed the Tesla CEO on his leadership of President Trump’s cost-cutting initiatives and the efficacy of

Elon Musk recently provided a significant update on his future plans, including changes to his political donations and his leadership at Tesla.Musk said he plans to reduce the amount of money he donates to political campaigns.

Elon Musk announced plans to significantly cut his political spending, signaling a shift away from his heavy support for Republican causes, including a reported $250 million donation to Donald Trump’s 2016 campaign.

The Tesla founder nodded to Bill Gates’ controversial history with the disgraced financier and convicted sex offender.