Elon Musk, the CEO of Tesla, has promised to “significantly” reduce his position in the US government following the electric vehicle company’s sharp decline in sales and earnings for the first quarter of this year.
Since last year, Musk has served as the head of the Department for Government Efficiency (Doge), a recently established advisory agency that has placed the richest man in the world at the centre of reducing US employment and spending.
In response to claims that he has diverted his attention from Tesla, Musk stated that his “time allocation to Doge” would “drop significantly” starting next month, reducing it to only one or two days per week.
Globally, protests and boycotts of Tesla vehicles have been triggered by his political participation.
Musk and other temporary government workers are typically only allowed to work 130 days a year, which is about to expire late next month if counting from the day of President Donald Trump’s inauguration.
Musk gave more than a quarter of a billion dollars to help Trump win reelection, but it’s unclear when he will stand aside entirely.
Earlier this month, Trump declared that he would retain Musk “as long as I could keep him”
