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Tesla Shares Set to Wrap Strong May as Elon Musk Ends Time with Trump's DOGE

  • Elon Musk ended his active role at the Department of Government Efficiency in late May 2025, returning focus to Tesla and his business empire including SpaceX and xAI.
  • Musk’s shift back to Tesla followed consumer backlash over his political ties, protests, and a decline in Tesla’s profits and vehicle sales, especially in China and Europe.
  • Tesla reported a Q1 2025 profit of $400 million, a two-year low, amid sharp EV delivery drops, while planning to launch an autonomous vehicle robotaxi service in Austin by mid-June.
  • Tesla shares rose nearly 22% in May 2025 despite being down about 12% year-to-date, with Musk committing to spend more time on Tesla and promising to lead it for the next five years.
  • Musk’s refocus on Tesla’s core technologies and autonomous driving may improve long-term prospects, but concerns remain over valuation, competitive pressure, and recent sales declines.
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CNBC broke the news in United States on Friday, May 30, 2025.
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