US EditionElon Musk to step back from DOGE, focus on Tesla after profits plunge 71%
- On April 22, Elon Musk announced he would reduce his work for the Trump administration.
- The announcement followed Tesla reporting a major drop in first-quarter profit.
- Tesla's net income fell 71% during the January through March period.
- Elon Musk expects to work one to two days weekly on government business.
- Investors had urged Musk to manage Tesla more closely.
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Musk Announces Reduction of DOGE Involvement in Tesla's Profits
Billionaire Elon Musk announced in a 0 post on his X network that he is returning to Tesla, partially stepping away from his controversial role in the Trump administration after being blamed for the company's declining profits and sales, according to CNN.
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Total News Sources131
Leaning Left17Leaning Right16Center22Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 31%
C 40%
R 29%
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