Part 2
$WCT (Top gainerš)
The rumors gained traction due to several factors. First, Teslaās financial struggles, including a reported 71% drop in profits and a 20% decline in sales in Q1 2025, fueled speculation that Musk was stepping back to focus on his companies, particularly Tesla, which faced boycotts and protests linked to his DOGE role. Musk acknowledged this pressure during Teslaās April 2025 earnings call, stating he would reduce his DOGE involvement to one or two days a week starting in May to allocate more time to Tesla. Second, DOGEās aggressive cost-cutting measures, which included slashing 216,000ā250,000 federal jobs and shutting down 11 agencies, sparked widespread backlash, leading to protests and the "Tesla Takedown" movement. This public and political resistance amplified rumors that Muskās exit was due to DOGEās failures or unpopularity. However, Musk and the White House maintained that DOGEās work was "mostly done" and that the initiative would continue under other leaders, with staff embedded across agencies.