Will spend less time at DOGE: Elon Musk as Tesla's profit dips 71%
Tesla CEO Elon Musk said his time allocation to the US Department of Government Efficiency (DOGE) will probably "drop significantly" starting next month. The billionaire added that he will devote "far more" of his time to the company. This comes after Tesla reported a 71% year-on-year drop in its first-quarter profit and a 9% drop in net revenue.