Overview
- Tesla's first-quarter profits dropped by 71%, prompting Musk to shift his focus back to the company starting in May.
- Musk will cut his time at the Department of Government Efficiency to one or two days per week, though he plans to remain involved until the end of Trump's term.
- Tesla's stock surged 20% following Musk's announcement, signaling investor optimism about his return to full-time leadership.
- Musk's association with the Trump administration has led to significant brand damage for Tesla, with protests, boycotts, and declining sales in key markets like Europe.
- Experts question the future of DOGE without Musk's daily involvement, with some predicting the initiative may falter without his advocacy.