El Pais and The Washington Post jointly report. Similarly The Guardian confirms this news story.
Elon Musk announced plans on April 23rd 2025 that would mark a significant shift, opting instead to focus more closely on Tesla after experiencing a sharp decrease in financial performance of his company. For further reading see: YouTube; Investopedia and CBS News for coverage.
As part of Tesla’s Q1 2025 earnings call, Elon Musk revealed that starting in May, his commitment to DOGE will decrease significantly, with participation reduced to one or two days per week starting next month. “From now on,” he confirmed: “I will devote far more time and attention to Tesla.” El Pais/CBS News/Investopedia.
Tesla reported a 71% drop in net profit to $409 million and revenue down 9% year-on-year to $19.3 billion, with vehicle deliveries also decreasing 13% year over year and missing its revenue expectations. Analysts attribute these results to both macroeconomic factors and negative public perception regarding Elon Musk’s political engagements, including ElHuffPost, The Guardian and El Pais reporting similar declines.
Critics have cast doubt upon Elon Musk’s tenure at DOGE, arguing that his political role has had an adverse effect on Tesla’s brand image and caused protests and boycotts to arise against its products, leading to protests, boycotts, and even a drop in stock value– which has now almost half since December.
Musk remains optimistic about Tesla’s future despite these obstacles, noting several upcoming initiatives including the introduction of robotaxi service and expansion of AI-powered robotics. He reiterated his promise of making Tesla a leader in affordable autonomous vehicles and robotics (The Guardian + Business Insider).
Investors reacted favorably to Musk’s announcement, with Tesla stock experiencing an uptick after its earnings call. Analysts suggest that his renewed attention on Tesla could help stabilize its performance and restore investor trust. Business Insider reported on these developments.
As El Pais El Pais
When Elon Musk steps away from DOGE, stakeholders will closely track Tesla’s efforts in implementing strategic initiatives and recovering from recent setbacks. Their ability to manage these obstacles will ultimately determine its trajectory within a competitive electric vehicle market.