Elon Musk announced he’ll scale back his involvement with the “department of government efficiency” (Doge) starting in May, after a turbulent quarter for Tesla. The company reported a 71% drop in profits and a 9% decline in revenue, missing Wall Street expectations.
Musk to Exit US Government Role Amid Tesla 71% Profit Drop
Vehicle deliveries fell 13%, triggering protests and vandalism across the U.S. Musk, who blames macroeconomic trends—not politics—for the slump, will step down fully from Doge on May 30. Still, analysts suggest his White House role has hurt Tesla’s brand.
Musk remains bullish, promising self-driving cars and Robotaxis by year’s end, hoping to turn investor sentiment around.
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