Elon Musk announced he will significantly reduce his involvement in the Department of Government Efficiency (DOGE), a White House-linked project, to prioritize Tesla, which is facing declining EV sales and increased competition.
During Tesla's earnings call, Musk stated he will dedicate more time to the electric car company starting next month, now that DOGE's initial setup is complete. He plans to maintain a limited role in DOGE, spending "a day or two" per week on the project.
Tesla investors have pressured Musk to step away from the politically controversial DOGE initiative and concentrate on navigating the company's current difficulties.
DOGE, established with Trump administration support, aims to streamline federal operations. However, its perceived partisan nature and Musk's political statements have drawn criticism.
Furthermore, Musk's advisory role under the Trump administration was limited to 130 days, raising questions about the sustainability of his involvement. Recent reports indicating a decline in his political influence suggested an imminent departure from the project.
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