NEW YORK -- Multi billionaire and US political figure Elon Musk said he's committed to still leading Tesla Inc in five years and expects to pare back his political spending, assuaging some investors' concerns about the future of his most valuable company, reported Bloomberg News on Tuesday.

Brazilian airline Gol said on Tuesday its restructuring plan under Chapter 11 bankruptcy proceedings has been approved by a U.S. court.

“In terms of political spending, I’m going to do a lot less in the future,” Musk told Bloomberg’s Mishal Husain at the Qatar Economic Forum.

The Tesla CEO, who recently stepped back from his unofficial advisory role in the Trump administration, said he has no regrets about his involvement.

Musk in a CNBC interview said that he expected Austin to launch with about 10 cars and that robotaxi deployment would scale up to about a thousand within a few months.