Elon Musk, the Tesla CEO, appears to be shifting his focus away from his government role amid declining Tesla profits and voter disapproval. He noted that he would spend less time in Washington, indicating a need to concentrate on his companies. This decision coincided with reports of Tesla's board seeking a new executive due to falling stock prices. However, Tesla's board chair strongly denied these claims, reaffirming Musk's leadership amidst the controversies surrounding his government efficiency efforts.
The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.
Now we're getting more of a rhythm, and so the amount of time that it's necessary for me to spend here is much less.
Starting next month, May, my time allocation to DOGE will drop significantly.
Musk's comments to the media echoed similar sentiments he made on a quarterly call with Tesla investors last week.
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