Musk to reduce White House role as Tesla profits plunge

Elon Musk has announced plans to significantly scale back his work for President Trump’s administration in May, as Tesla reported a 71% drop in first-quarter profits due to lower auto sales and public backlash over his role in cutting the U.S. federal workforce. During an earnings call, Musk stated he would reduce his time allocated to “DOGE,” referencing his ongoing work on the Department of Government Efficiency. The results highlighted the negative impact of his work on Tesla’s reputation, as analysts noted the profit decline coincided with broader public dissatisfaction over his role in Trump’s administration.