US EditionTesla CEO Musk says time he spends on DOGE will drop significantly next month
- Elon Musk announced plans to reduce his involvement in Washington and concentrate more on Tesla.
- Investor criticism about his focus on the federal Department of Government Efficiency prompted this change.
- The announcement came after Tesla reported substantially lower first-quarter profits and revenue.
- First-Quarter profit fell 71 percent, totaling $409 million, and revenue dropped 9 percent, reaching $19.3 billion.
- Tesla stock increased almost 5% in after-hours trading after Musk's statement.
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“Future Brighter Than Ever”: Tesla Shares Pop 5% After Musk Says He’ll Limit Time With DOGE in May
(Zero Hedge)—In a candid call with analysts on Tuesday, Elon Musk announced that he will begin scaling back his involvement with the federal government starting in May, signaling a shift in priorities back toward Tesla. As a result, Tesla shares were up 5% late in the after hours session. “I think starting probably next month, May, my time allocation to DOGE will drop significantly,” Musk said. Musk has been a central figure in the effort to str…
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Total News Sources203
Leaning Left38Leaning Right21Center69Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 30%
C 54%
R 16%
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