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Musk to scale back work with DOGE as Tesla profits drop
Hindustan Times Mumbai
|April 24, 2025
Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced on Tuesday as the electric vehicle maker reported a 71% drop in first-quarter profits.
NEW YORK:
"Probably in the next month, my time allocation to DOGE will drop significantly," Musk said at the outset of an earnings conference call, referring to his work for the "Department of Government Efficiency."
The comments came as Tesla reported profits of $409 million following a drop in auto sales that analysts said reflected brand damage due to Musk's work for President Donald Trump in slashing the US federal workforce.
Revenues fell nine percent to $19.3 billion.
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