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.
233 Articles
233 Articles
DOGE loses its biggest advocate as Musk exits Washington
Elon Musk’s claim that his job in Washington is “mostly done” may calm Tesla shareholders — but his departure could sap the Department of Government Efficiency of its disruptive energy even as it continues to make major cuts to the federal workforce. In an effort to reassure rattled Tesla shareholders after a bruising first-quarter earnings call, Musk told investors this week that his around-the-clock involvement in DOGE will soon be scaled back…


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…
During Tesla Earnings Call Musk Tells Investors His Time Devoted to DOGE ‘Will Drop Significantly’
Elon Musk has informed Tesla investors that he will be reducing his involvement with the Trump administration’s Department of Government Efficiency (DOGE). “Starting probably in next month, in May, my time allocation to DOGE will drop significantly,” Musk stated during a Tesla earnings call. Despite his reduced time commitment, Musk confirmed he won’t be stepping away from DOGE entirely. “Starting next month, I’ll be allocating far more of my ti…
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