Musk says he’ll spend less time working with Trump after Tesla profits sink | Business and Economy

Tesla CEO says he will spend ‘far more’ of his time running carmaker after putting cost-cutting team in place.

Tesla CEO Elon Musk has said he will scale back his work with the administration of United States President Donald Trump following a steep plunge in the electric carmaker’s first-quarter profits.

Musk, who leads Trump’s Department of Government Efficiency (DOGE), said on Tuesday that he would allocate “far more” of his time to running Tesla and cut back his work in the…