Musk to reduce White House role as Tesla profits plunge

NEW YORK: Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced on Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits.

“Probably in the next month, my time allocation to DOGE will drop significantly,” Musk said at the outset of an earnings conference call, referring to his work for the “Department of Government Efficiency.”

The comments came as Tesla reported profits of...