Elon Musk, chief executive officer of Tesla Inc., during a cabinet meeting at the White House in Washington, DC, US, on Thursday, April 10, 2025.
Shawn Thew | Bloomberg | Getty Images
Tesla CEO Elon Musk began his company’s earnings call on Tuesday by saying that his time spent running President Donald Trump’s Department of Government Efficiency will drop significantly starting in May.
Musk, who has watched Tesla’s stock tumble more than 40% this year, said he’ll continue to support the president with DOGE “to make sure that the waste and fraud that we stop does not come roaring back.”
After spending almost $300 million in the 2024 campaign to help return Trump to the White House, Musk created DOGE and joined the administration with a mission to drastically reduce the size and capability of the federal government.
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