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Tesla Tumbles as Musk Says He'll Pull Back From DOGE

Posted

April 23, 2025

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Tesla rose in late trading after Chief Executive Officer Elon Musk said he’s going to pull back “significantly” from his work with the US government to focus on the EV maker. #musk #politics #doge #tesla

Musk also said that he plans to keep advocating for President Donald Trump to pull back on tariffs, which have hit Tesla.

“I think starting probably next month, May, my time allocation to DOGE will drop significantly,” Musk said during a call with analysts on Tuesday, referring to the Department of Government Efficiency that he’s been leading. He predicted he’ll continue to be involved to some extent for “the remainder of the president’s term,” but he would soon be allocating more time to Tesla.

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President Donald TrumpTesla IGovernment EfficiencyTesla ReadBloomberg Originals

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Tesla Tumbles as Musk Says He'll Pull Back From DOGE · Bloomberg News · Sentinel