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Musk Pledges Full Return to His Companies After Political Fallout

Investor confidence rebounded on Musk's pledge to step back from politics following steep European sales declines, ongoing product line strains.

Elon Musk listens as reporters ask US President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025, in Washington, DC.
The Cybertruck is an expensive flop for Tesla.
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Overview

  • Musk announced on X that he will cut his Department of Government Efficiency role to one day a week and spend “24/7” at Tesla, X and SpaceX as they roll out critical technologies.
  • Tesla shares jumped nearly 7% after the announcement, marking one of the automaker’s largest gains this month on signs of renewed leadership focus.
  • April deliveries in Europe tumbled 49% year-over-year amid consumer backlash over Musk’s political involvement and support for Donald Trump.
  • In an Ars Technica interview, Musk admitted he “probably did spend a bit too much time on politics” and said he plans to significantly reduce future political spending.
  • SpaceX endured two Starship explosions earlier this year but secured FAA clearance for the next flight after design fixes, and Tesla faces Cybertruck recalls and scrutiny of its impending robotaxi debut.