Overview

• Elon Musk confirmed he will reduce his time with the Department of Government Efficiency (DOGE) to one or two days per week, reallocating focus to Tesla and his other ventures.
• White House Chief of Staff Susie Wiles stated Musk remains involved with DOGE remotely, despite his decreased physical presence at the White House.
• Tesla's board denied reports of a CEO succession search, with Chair Robyn Denholm reiterating confidence in Musk's leadership and dismissing claims as false.
• DOGE claimed $160 billion in federal savings under Musk's leadership, falling short of its initial $2 trillion target, with Musk acknowledging challenges and pushback.
• Public backlash to Musk's political role has led to protests and vandalism targeting Tesla properties, contributing to a 71% drop in the company's first-quarter profits.