Musk Commits to Tesla CEO Role and Plans Political Pullback (2)

Elon Musk said he’s committed to still leading Tesla Inc. five years from now and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company.

The billionaire offered new details about his plans in a wide-ranging interview with Bloomberg News that also touched on his compensation, Tesla’s sliding sales and a possible spinoff of SpaceX’s Starlink satellite business. Musk repeated his criticisms of a familiar cast of characters, from Bill Gates to the Delaware judge who’s twice ruled against his massive Tesla pay package.

Elon Musk during a cabinet meeting at the White House.

Photographer: Shawn Thew/EPA/Bloomberg

Musk, whose $375.5 billion fortune ...