Elon Musk has informed Tesla investors that he will be reducing his involvement with the Trump administration’s Department of Government Efficiency (DOGE). “Starting probably in next month, in May, my time allocation to DOGE will drop significantly,” Musk stated during a Tesla earnings call.
Despite his reduced time commitment, Musk confirmed he won’t be stepping away from DOGE entirely. “Starting next month, I’ll be allocating far more of my time to Tesla,” he said, while noting he still expects to dedicate one to two days each week to government matters.
Following Musk’s announcement, Tesla shares rebounded slightly, gaining 4% to reach $247.53. That uptick came even as the company posted disappointing financial results for the first quarter: revenue dropped 9%, and profits fell a staggering
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