In a significant development, Elon Musk has revealed plans to scale back his engagement with the Department of Government Efficiency (DOGE) from May onwards. This decision aligns with Tesla’s recent financial performance, witnessing a substantial 71% decline in profits and a 9% drop in revenue. Industry analysts are linking Tesla’s sales slump to Musk’s polarizing involvement with DOGE, which has incited public backlash in the form of protests and acts of vandalism. The news of Musk stepping back from his DOGE responsibilities comes against the backdrop of mounting concerns over his dual roles and their impact on Tesla’s bottom line. This strategic shift in Musk’s commitments is being closely monitored by stakeholders and market observers for its potential implications on Tesla’s future trajectory. The development underscores the intricate interplay between Musk’s various ventures and the broader financial landscape, with implications for investors and industry stakeholders alike.

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Elon Musk’s Reduced DOGE Role Linked to Tesla’s Profit Drop and Revenue Decline, Sparking Controversy and Protests
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