๐จ Elon Musk to Step Back from DOGE Gov Role, Tesla Stock Jumps
Elon Musk has announced heโll reduce his involvement with DOGE (Department of Government Efficiency) next month, causing Tesla stock to jump 5% in after-hours trading โ despite a 20% drop in revenue and 71% fall in profits for Q1.
Musk created DOGE after backing Trumpโs 2024 campaign with nearly $300M, gaining major influence in Washington. DOGE has slashed roles in key federal agencies โ including those regulating Elonโs own companies.
As DOGEโs controversial actions draw criticism and protests mount globally, Musk says heโll now shift focus back to Tesla, spending โa day or two per weekโ on government work.
๐ Wall Street is betting Tesla might recover with Elon back in the driverโs seat.
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