In a recent Q1 2025 Earnings Call, Tesla CEO Elon Musk announced a significant shift in focus back to Tesla as he plans to reduce his work with the Department of Government Efficiency (DOGE). He confirmed spending only one or two days per week on government issues starting in May. Musk emphasized the importance of addressing waste and fraud in government but acknowledged the need to direct more attention to Tesla's upcoming launches, including the Cybercab. This decision has relieved investors concerned about Tesla's performance amidst Musk's divided focus.
I believe the right thing to do is to fight the waste and fraud and get the country back on track...I think it's critical work.
Musk clarified that he would likely remain on the DOGE team for the remainder of President Trump's term, but he will be significantly less focused on the government.
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