Musk promises to cut back on White House role

Analysts have linked Tesla steep losses to its CEO’s role as a US government efficiency czar

Tesla and SpaceX CEO Elon Musk has announced he will scale back his efforts to cut government spending at the controversial US Department of Government Efficiency (DOGE), and refocus on his businesses. Tesla suffered a massive 71% drop in profits and a 9% decline in revenue for the first quarter of 2025.

Musk clarified though that he has...