Billionaire Elon Musk has officially announced he will significantly reduce his involvement in the Government Efficiency Group (DOGE)—an advisory team formed by US President Donald Trump—starting May 2025. Instead, Musk plans to shift his attention back to Tesla, following a rough start to the year for the electric vehicle giant.
📉 Tesla’s Rocky Start to 2025
The news follows the release of Tesla’s Q1 financial results, which showed a notable drop in profits. Tesla’s shares have been under pressure, down over 40% since the beginning of the year. But in a twist, Musk’s announcement seems to have reassured investors, as Tesla’s stock jumped more than 5% in after-hours trading.
💬 Musk told investors:
“I think probably from next month onwards, my time allocated to DOGE will drop significantly.”
🤝 DOGE Role in Question for Weeks
Speculation had been growing in US media circles that Musk was preparing to step away from DOGE. Even President Trump hinted at the possibility earlier in April, saying Musk could stay “as long as he wanted,” but noted that a departure was possible.
Despite the politically charged role in DOGE, it’s clear Musk is feeling the pressure to course-correct Tesla, especially as it chases goals like affordable EV production.
📈 Signs of Hope for Tesla
The silver lining in the Q1 report? Tesla’s core automotive division outperformed expectations, and the company reiterated its commitment to developing a more affordable vehicle, a long-awaited move that could boost competitiveness.
🔮 What’s Next?
With Musk turning his focus back to the company that made him a household name, Tesla fans and investors will be watching closely. Whether it’s enough to spark a full recovery remains to be seen—but Musk’s re-engagement is a step in that direction.
