Elon Musk , Tesla ’s CEO, hinted at stepping back from his role in the Department of Government Efficiency ( DOGE ) by donning an X-branded T-shirt in a recent X post, a symbolic shift from his “Tech Support,” and "DOGE" T-shirts, that he have frequently worn since the Donald Trump took over the White House, jokingly saying he’s the tech support of the Trump administration .
Elon Musk may finally be making the switch from politics to his businesses back
This post comes days after Tesla’s April 22 earnings call, where Musk addressed shareholder concerns about his divided focus amid a 20% drop in car sales and a 70% plunge in profits for Q1 2025. During the call, Musk announced he would “significantly” reduce his DOGE time starting May, allocating only one to two days per week to the initiative, stating, “Starting next month, I’ll be allocating far more of my time to Tesla.”
The T-shirt, featuring the X logo, reflects Musk’s pivot back to his business empire, particularly X Corp , which recently reclaimed its $44 billion valuation. His DOGE role, aimed at slashing federal spending under Trump’s administration, has drawn criticism for distracting him from Tesla, fueling boycotts and protests that Musk blamed for the company’s sales slump. Tesla’s stock, down 37% this year, rose over 5% in after-hours trading post-earnings.
Musk’s political stint, including his $250 million contribution to Trump’s re-election, has been contentious. While he called DOGE work “critical,” he emphasized Tesla’s priority, citing challenges like trade tariffs impacting its China-dependent supply chain.
The company also faces fierce competition and plans to launch a cheaper Model Y and a robotaxi service in 2025. Analysts like Dan Ives see this as a “fork in the road” moment for Tesla, urging Musk to refocus on engineering to restore the company’s trajectory.
Elon Musk may finally be making the switch from politics to his businesses back
This post comes days after Tesla’s April 22 earnings call, where Musk addressed shareholder concerns about his divided focus amid a 20% drop in car sales and a 70% plunge in profits for Q1 2025. During the call, Musk announced he would “significantly” reduce his DOGE time starting May, allocating only one to two days per week to the initiative, stating, “Starting next month, I’ll be allocating far more of my time to Tesla.”
The T-shirt, featuring the X logo, reflects Musk’s pivot back to his business empire, particularly X Corp , which recently reclaimed its $44 billion valuation. His DOGE role, aimed at slashing federal spending under Trump’s administration, has drawn criticism for distracting him from Tesla, fueling boycotts and protests that Musk blamed for the company’s sales slump. Tesla’s stock, down 37% this year, rose over 5% in after-hours trading post-earnings.
Musk’s political stint, including his $250 million contribution to Trump’s re-election, has been contentious. While he called DOGE work “critical,” he emphasized Tesla’s priority, citing challenges like trade tariffs impacting its China-dependent supply chain.
The company also faces fierce competition and plans to launch a cheaper Model Y and a robotaxi service in 2025. Analysts like Dan Ives see this as a “fork in the road” moment for Tesla, urging Musk to refocus on engineering to restore the company’s trajectory.
You may also like
"Govt investigating the matter, PM will take action", says BJP MP Hema Malini over Pahalgam attack
Fire breaks out at handicraft factory in Jodhpur
Melania Trump wears sombre all-black outfit as she pays tribute to Pope Francis
M1 closed as lorry explodes on fire and drivers face huge traffic delays
Akshaya Tritiya: What kind of gold will be sold on Akshaya Tritiya, know what experts say..