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.
542 Articles
542 Articles
Elon Musk is leaving government. But what does he leave behind at DOGE?
It has taken a little over five months and has been anticipated for several weeks, but it now appears increasingly likely that the bromance between Elon Musk and Donald Trump is nearing its end. Musk is reportedly planning to step down from his role overseeing the Department of Government Efficiency (DOGE). During Tesla’s latest earnings call this week, Musk said, “my time allocation to DOGE will drop significantly” next month—though he noted th…
Elon Gives Update on His Future with DOGE - News Addicts
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 […] The post Elon Gives Update on His Future with DOGE appeared first on News Addicts.
Elon Musk says 'If the ship of America goes down, Tesla will go with it'
Tesla CEO Elon Musk made headlines with a striking statement during the company’s first-quarter earnings call: “If the ship of America goes down, Tesla will go with it.” This comment came in response to Tesla’s disappointing financial performance, which saw a significant drop in profits and revenue, prompting widespread discussion across news outlets and social […]
Don’t Be Fooled. Elon Musk Isn’t Going Anywhere.
Elon Musk is finally leaving Washington, or so we’re told. Speaking to panicked Tesla investors on Tuesday, the electric-car company’s CEO said the magic words that they—and countless millions across the country—have been wanting to hear for months. “Starting probably next month, May, my time allocation to DOGE will drop significantly,” said an audibly weary Musk, who was probably still reeling from the news two hours earlier that Tesla’s profit…
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