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Elon Musk Scales Back White House Role to Refocus on Tesla

  • Tesla denied reports about searching for a new CEO to replace Elon Musk, calling them 'absolutely false,' according to Tesla Chair Robyn Denholm.
  • Musk announced he would allocate only a day or two per week toward Department of Government Efficiency projects, focusing more on Tesla starting in May.
  • Tesla reported a 71% drop in profits, attributed to protests against Musk as well as declining sales.
  • Protests against Musk and Tesla have grown, with incidents at Tesla dealerships being labeled as domestic terrorism by officials.
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  • 38% of the sources are Center
38% Center
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Investing.com broke the news in on Tuesday, April 29, 2025.
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