Elon Musk to pull back in Doge role starting May amid 71% dip in Tesla profits
CEO to pare back White House work to one to two days weekly as analysts say role has caused branding crisisThe Tesla chief executive Elon Musk said he will start pulling back from his role at the so-called “department of government efficiency” starting in May. Musk’s remarks came as the company reported a massive dip in both profits and revenues in the first quarter of 2025 amid backlash against Musk’s role in the White House.On an investor call, Musk said the work necessary to get the government’s “financial house in order is mostly done”. Continue reading...
admin
0
0
CEO to pare back White House work to one to two days weekly as analysts say role has caused branding crisis
The Tesla chief executive Elon Musk said he will start pulling back from his role at the so-called “department of government efficiency” starting in May. Musk’s remarks came as the company reported a massive dip in both profits and revenues in the first quarter of 2025 amid backlash against Musk’s role in the White House.
On an investor call, Musk said the work necessary to get the government’s “financial house in order is mostly done”. Continue reading...
