• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsElon Musk

Elon Musk complains about his $11 billion tax bill at a Republican donor event, tells GOP to stay out of people’s sex lives

By
Alena Botros
Alena Botros
Former staff writer
Down Arrow Button Icon
August 18, 2022, 4:32 PM ET
Elon Musk has declared himself a centrist of sorts.
Elon Musk has declared himself a centrist of sorts.Angela Weiss—AFP via Getty Images

Tesla CEO Elon Musk built on his recent shift to the Republican Party by speaking Tuesday at a GOP retreat hosted by House Minority Leader Kevin McCarthy, according to Axios.

Attendees at the event in Wyoming included congressional leaders and big donors. 

As featured speaker, Musk, the world’s richest man, shared his thoughts about both parties. His comments showed his embrace of conservative economics but a more liberal outlook on social issues.

Musk said the country would flourish if Republicans “stayed out of people’s bedrooms” and Democrats stayed “out of people’s wallets,” attendees told Axios. 

He also applauded free markets and claimed that socialism was dangerous, which seemed to sit well with fellow guests, Axios reported. He added, when prompted by a guest, that the Republican Party should be more compassionate toward immigrants—that they are “vital to maintaining a dynamic economy,” Axios wrote. 

It’s not the South Africa–born Musk’s first time commenting on immigration policies. Previously, he voiced disagreement with former President Donald Trump’s move to suspend foreign work visas in 2020. Many tech leaders in Silicon Valley, where foreign-born startup founders and programmers are common, also criticized Trump’s effort. 

At the event Tuesday, Musk also complained about his $11 billion tax bill for selling Tesla stock, Axios reports, adding his comment garnered laughter. Musk sold $6.9 billion of his Tesla shares earlier this month as part of a broader sell off of his holdings in the electric car company. 

“To be clear, I support the left half of the Republican Party and the right half of the Democratic Party!” Musk wrote on Twitter the day of the event. 

But on that same day he said he was buying Manchester United, which turned out to be a joke. 

In June, Musk tweeted that he had voted for a Republican for the first time, speaking specifically about Rep. Mayra Flores of Texas, where he moved in 2020 from California. A month prior, he said he had voted Democrat because they were “(mostly) the kindness party”—but that would change. 

“But they have become the party of division & hate, so I can no longer support them and will vote Republican,” he said on Twitter. 

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.
About the Author
By Alena BotrosFormer staff writer
LinkedIn iconTwitter icon

Alena Botros is a former reporter at Fortune, where she primarily covered real estate.

See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Success
Billionaire philanthropy's growing divide: Mark Zuckerberg stops funding immigration reform as MacKenzie Scott doubles down on DEI
By Ashley LutzDecember 22, 2025
19 hours ago
placeholder alt text
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeDecember 22, 2025
22 hours ago
placeholder alt text
Travel & Leisure
After pouring $450 million into Florida real estate, Larry Ellison plans to lure the ultrarich to an exclusive town just minutes from Mar-a-Lago
By Marco Quiroz-GutierrezDecember 22, 2025
23 hours ago
placeholder alt text
Future of Work
Meet a 55-year-old automotive technician in Arkansas who didn’t care if his kids went to college: ‘There are options’
By Muskaan ArshadDecember 21, 2025
2 days ago
placeholder alt text
Success
Multimillionaire musician Will.i.am says work-life balance is for people 'working on someone else’s dream'—he grinds from 5-to-9 after his 9-to-5
By Orianna Rosa RoyleDecember 21, 2025
2 days ago
placeholder alt text
Economy
Mitt Romney says the U.S. is on a cliff—and taxing the rich is now necessary 'given the magnitude of our national debt'
By Dave SmithDecember 22, 2025
21 hours ago

Latest in Politics

PoliticsU.S. Navy
Trump says he will lead the design of his new class of warships along with the Navy ‘because I’m a very aesthetic person’
By Konstantin Toropin, Aamer Madhani and The Associated PressDecember 22, 2025
13 hours ago
PoliticsU.S. Navy
Trump unveils warship named after himself in shipbuilding push
By Jen Judson and BloombergDecember 22, 2025
15 hours ago
PoliticsDonald Trump
Trump team triples bonus to $3,000 for migrants who self-deport
By Hadriana Lowenkron and BloombergDecember 22, 2025
17 hours ago
Duffy
PoliticsDepartment of Transportation
Evita Duffy-Alonso, daughter of transportation secretary, accuses TSA of ‘absurdly invasive’ pat-down
By The Associated PressDecember 22, 2025
18 hours ago
Schumer
LawU.S. Senate
Chuck Schumer urges action after ‘blatant cover-up’ of Epstein files redaction inaction
By Michael R. Sisak, Larry Neumeister and The Associated PressDecember 22, 2025
18 hours ago
PoliticsNew York City
George Conway to run as a Democrat for Nadler’s Manhattan seat
By Caitlin Reilly and BloombergDecember 22, 2025
20 hours ago