Elon Musk, the world's richest man and a prominent Republican megadonor, has announced a significant reduction in his political investments for future elections.

The downturn comes just a day after the top credit ratings agency Moody’s downgraded U.S. debt from its top rung—the last of the leading agencies to do so. Moody’s decision was less a function of President Trump’s wide-ranging tariff campaign than a reaction to soaring U.

FUBAR PAC offered a sledgehammer, a wrench, and “Chuck Schumer pool noodle” to participants angry with the Trump administration and GOP’s funding cuts.

Among other moves to shore up investor trust, Tesla appointed former Chipotle CFO Jack Hartung to its board of directors, effective June 1.