Elon Musk reducing time spent on DOGE due to Tesla's performance

From CNBC: 2025-04-22 17:59:00

Elon Musk, CEO of Tesla, announced plans to reduce his time running President Trump’s Department of Government Efficiency, citing Tesla’s declining stock and the need to prevent waste and fraud. Musk, who spent $300 million on Trump’s 2024 campaign, will continue supporting the president with DOGE. Despite disappointing first-quarter results, including a 20% drop in automotive revenue, Musk remains committed to government issues at Trump’s request. The company faces challenges from Chinese competition, aging electric vehicles, and protests in the U.S. and Europe due to Musk’s ties to Trump and Germany’s far-right AfD party. Musk dismissed protesters as organized and potentially fraudulent.



Read more at CNBC:: Tesla CEO Musk says time he spends on DOGE will drop in May