Overview

• Elon Musk has officially stepped down from his leadership role in the Department of Government Efficiency (DOGE) and relocated its offices out of the White House.
• Musk announced he will reduce his government work to one or two days per week to concentrate more on Tesla amid declining revenues and profits.
• Tesla reported a 9% drop in revenue and a 71% decline in net profit for Q1 2025, intensifying investor concerns about Musk's dual roles.
• Reports suggested Tesla's board had initiated a search for Musk's successor as CEO, but the company publicly refuted these claims as 'absolutely false.'
• President Trump assured Musk he could remain an advisor for as long as he wished, despite Musk's stated intent to refocus on his automotive company.