Musk to reduce role with Trump administration as Tesla profits plunge

Elon Musk plans to "significantly" reduce his work for US President Donald Trump's administration in May to focus on Tesla, the billionaire CEO said Tuesday. Tesla reported a 71 percent drop in quarterly profits as analysts warn of brand damage due to Musk's work on behalf of Trump for the Department of Government Efficiency.

Apr 23, 2025 - 03:00
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Musk to reduce role with Trump administration as Tesla profits plunge
Elon Musk plans to "significantly" reduce his work for US President Donald Trump's administration in May to focus on Tesla, the billionaire CEO said Tuesday. Tesla reported a 71 percent drop in quarterly profits as analysts warn of brand damage due to Musk's work on behalf of Trump for the Department of Government Efficiency.

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