The billionaire will devote more time to his company Tesla, whose activities will worsen. However, he still plans to devote 40% of his Doge’s time.
TESLA general director Ilon Musk plans to significantly reduce the time allocated to work in the Department of Doge Government Department of Government with the administration of the US President. According to Reuters, Musk made a statement on Tuesday, April 22.
“Many jobs are needed to create a Doge team and cooperation with the government to put things in a financial home primarily fulfilled,” the mask agency reports to analysts at a telephone conference.
At the same time, Musk said he would still spend about 40% of his time with Doge.
After these words, the Tesla sharing, which has grown 4% after the end of the auction, jumps to +5.5%.
It is noted that the billionaires admitted that his political activity caused the damage to the Tesla he created. Due to the investment of investors, the Executive Director devoted ample time to manufacturer manufacturers of Electric Cars, there was a massive sale of shares, and sharp mask statements that led to the brand boycott and cases of vandalism in salons.
Meanwhile, the company confirmed plans to launch a cheaper car in the first half of 2025 based on the available platforms and production lines – after the cancellation of developing a completely new budget model.
Earlier, US president Donald Trump said he didn’t need muscle, he just wanted him.
Remember that in the first quarter of 2025, Tesla’s cars fell 13% up to about three -a minimum.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.