Tesla Inc. CEO and the head of United States Department of Government Efficiency (DOGE) Elon Musk said that "his time allocation" for the agency "will drop significantly."
During Tesla's first quarter earnings call, Musk clarified that his involvement with DOGE will continue in order to ensure "that the waste and fraud does not come roaring back." He also said he will commit "a day or two peer week" to government-related activities.
In addition, Musk announced he would devote more time to managing Tesla, in the aftermath of the company's shares tumbling after a disappointing earnings report.
