In the first week after Elon Musk's departure from the so-called Department of Government Efficiency {DOGE), an increase in activity in the businessman’s companies is already being observed, reports CNBC.
Thus, the neurotechnology startup Neuralink announced a funding round of $650 million, while electric vehicle manufacturer Tesla demonstrated a 213% increase in sales in Norway in May — reaching 2.6 thousand units per month. The main growth was driven by sales of the updated compact crossover Model Y.
Of course, the causal link between these events and Musk's departure from DOGE is quite conditional. The process of attracting investments and the sales period coincided with the time when Musk was still occupied with the affairs of the White House. That is, these events could have occurred without his active participation or even independently of him.
Moreover, despite the increase in Tesla sales in Norway, there is an overall decline across Europe. Industry associations reported a significant decrease in new Tesla sales in Spain, Portugal, Denmark, and Sweden on Monday.
