Overview

• Elon Musk confirmed he will reduce his Department of Government Efficiency (DOGE) involvement to one or two days per week starting in May, citing completed foundational work.
• Tesla reported a 71% decline in Q1 profits and a 9% drop in revenue, prompting Musk to refocus on the company as its stock rallied over 5% post-announcement.
• Musk reiterated Tesla's plans to roll out a cheaper Model Y and launch a paid driverless robotaxi service in Austin by June, though skepticism about autonomous technology persists.
• Protests and acts of vandalism at Tesla dealerships have escalated, with critics linking these incidents to Musk's political affiliations and controversial leadership of DOGE.
• Federal regulators continue to investigate Tesla's Autopilot and Full Self-Driving systems over safety concerns, adding to the company's mounting public and regulatory scrutiny.