Tesla 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.
221 Articles
221 Articles


Elon Musk says his DOGE time 'will drop significantly' to shift focus to Tesla amid radical left's attacks
Elon Musk announced Tuesday that he plans to "significantly" reduce the amount of time he is spending on his role with the federal government.Musk has dedicated the last three months to coordinating with President Donald Trump's administration to find and eliminate government waste alongside the Department of Government Efficiency. 'I think a great wrong is being done to the people of Tesla and to our customers.'During a Tesla earnings call, Mus…
NEW: Elon Gives Update On His Future With DOGE
Elon Musk surprised his fans and foes alike during a call with Wall Street analysts on Wednesday where he waded into his future with the U.S. Department of Government Efficiency and what the cost-cutting agency may look like without him at its helm. The Tesla founder spoke on a quarterly earnings call where his presence was ostensibly intended to reassure investors fearful of recent declines in the EV company’s stock. While there, he expressed g…


“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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