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Elon Musk says his time working for Donald Trump is about to 'drop significantly'
SkyNews -
09:27
As a special government employee, Mr Musk was limited to 130 days in his role. In April, he dismissed reports suggesting he would leave his position in the coming months, calling the rumours "fake news".
Elon Musk has said the time he spends with Donald Trump's Department of Government Efficiency (DOGE) will "drop significantly" from May and he will allocate more time to Tesla.
It comes after first-quarter profits at Tesla sank as the company grapples with falling sales, partly due to President Trump's tariffs.
As a special government employee, Mr Musk was limited to 130 days in his role at DOGE, which is primarily aimed at slashing federal spending.
But the cuts, which included axing government jobs, have divided the country and prompted a backlash against his company, including protests and attacks on Tesla showrooms, prompting Donald Trump to label the vandals "terrorists".
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0:36
'Elon Musk has got to go'
Tesla said on Tuesday that quarterly profits fell by 71% to $409m (£306.77m) from $1.39bn (£1.04bn) in the first quarter of 2024. Revenues were also well below forecasts, dropping 9% to $19.3bn (£14.5bn) between January and March.
The company's value has plummeted since reaching a record high in mid-December. Since then, Tesla's share price ha... [Short citation of 8% of the original article]
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