Elon Musk to Scale Back DOGE Involvement as Tesla Sees 71% Profit Drop: Analysts Link Decline to Controversial Role

In a major development, Elon Musk has revealed his decision to scale back his participation in the Department of Government Efficiency (DOGE) from May onwards. This decision comes at a crucial time as Tesla reports a significant 71% decline in profits along with a 9% decrease in revenue. Industry analysts are pointing to Musk’s controversial role in DOGE as a contributing factor to Tesla’s sales slump, which has led to public protests and instances of vandalism. The announcement has sparked widespread speculation about the implications of Musk’s reduced involvement in DOGE and its potential impact on both Tesla and the broader market. Musk’s decision to step back from his government role has raised questions about the future direction of both Tesla and his other ventures. Stay tuned for more updates on this developing story.

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