Elon Musk Plans to Increase His Time Commitment to Tesla

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Elon Musk has announced plans to increase his involvement with Tesla, the electric vehicle manufacturer he leads. During a recent conference call that followed the release of the company’s latest earnings report, Musk indicated that he would be dedicating significantly more of his time to Tesla starting next month.

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In addition to his responsibilities at Tesla (TSLA), Musk also oversees several other ventures and has been engaged in governmental affairs during President Donald Trump’s administration, particularly in establishing the new Department of Government Efficiency.

His involvement in government has raised concerns among Tesla investors, who worry that he may not be dedicating sufficient time to his automotive enterprise. There are fears that Musk’s political activities could negatively impact Tesla’s brand perception among potential customers. This comes at a time when Tesla’s stock has experienced a significant decline this year, with the fundamental automotive business facing a considerable revenue drop in the first quarter.

Musk clarified that he does not intend to completely step back from his government roles, which he deems essential. He mentioned during the call that he expects to allocate “a day or two” each week to governmental duties for as long as his contributions are deemed valuable by the president.

He remarked, “The large slog of work necessary to get the DOGE team in place and working in the government to get the financial house in order is mostly done,” alluding to his operational efforts within the government context.

This announcement may have positively influenced Tesla’s stock price, which saw an increase of 4.8% in after-hours trading following the call, alongside gains recorded during the regular trading session on that Tuesday.

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