Elon Musk announced his intention to reduce his participation in the US government and focus more attention on his business.
This decision was made after the company announced a sharp fall in profit in the first quarter of 2025, writes Financial Times.
Starting next month, I will give a lot of Tesla time, ”Musk said.
According to him, the main tasks related to the formation and launch of the team in the effectiveness of the government (DOGE), which was aimed at optimizing state expenses “already completed.”
At the same time, the entrepreneur said that he did not plan to completely leave his role in the administration of Donald Trump. Most likely, he will remain in a government initiative, until the presidential term “makes sure that abuse and waste will not be restored.”
Following the statement of Tesla, Tesla rose 7.8% during over -the -counter trade and subsequently stabilized by about 5%.
Source: Racurs
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