Elon Musk will spend more time to Tesla and less to Donald Trump. For investors, that is great news, after its role in the Government Efficiency Department (Doge). After announcing that he would not leave his political work completely to avoid “the destruction” of the United States, Musk said the words that the shareholders wanted to hear. “I think that probably from next month, May, my time dedicated to Doge will be reduced significantly,” “from next month, I will dedicate much more time to Tesla,” he added.
The company’s shares shot immediately on the stock market. Increases close to 8% came to sign up out of the usual negotiation schedule, although the progress was then remained in the 5% environment.
The departure will not be total, the Chief of Tesla ventured that it will continue to be involved to some extent in government tasks during “the rest of the president’s mandate”, whose four years have only consumed three months, but that he will soon spend more time to Tesla. “I will continue to dedicate one or two days a week to government affairs, or as long as the president wishes and while it is useful,” he said, added that he will continue to advocate for a reduction in tariffs.
The progressive separation of Musk from the White House was an open secret. “I think Elon is great, but also has a company to direct, or several companies,” Trump told reporters earlier this month. “We are not in a hurry, but there will come a time when Elon will have to leave,” he added,
Since the inauguration of President Donald Trump in January, Musk and his acolytes have quickly incorporated into federal agencies, where they have access to some of the most sensitive government databases. The Doge has contributed to the massive reduction of the federal staff and has cut the diversity, equity and inclusion programs. Musk, as “special government employee”, can only work 130 days a year, theoretically.
Musk opened an initial 18 -minute intervention in the call with analysts to present the results and talk about Tesla’s future. He appeared as Salvador de Resusion. Therefore, he said, he will not leave his tasks at Doge. “I will have to continue doing it during the rest of the president’s mandate, just to make sure that the waste and fraud that we have stopped do not return strongly, which they will do if they have the opportunity,” said Musk, who for now has not filed any complaint of corruption or fraud before the courts and that he has not frequency has invented false frauds and has disseminated bulos endlessly in his social network, X.
“As some know, with Doge,” began the call with analysts. “I think that the work we are doing there is really very important to try to reduce the insane deficit that is leading to our country, the United States, to destruction. The Doge team has made many progress in the fight against waste and fraud, but a natural negative reaction is that those who were receiving the dwasting money and kneading fortunes with him will try to attack me, to the team of Dog That I really only have two options. He concluded that he chose to fight “the waste for fraud and re -run the country.” “If the United States continues to fall, we will all fall with him,” he added.
Musk said that although there have been “some potholes along the way,” the future of the company is still brilliant. “I encourage people to look beyond the potholes and obstacles that are immediately in front of us. Leave their eyes to the brilliant citadel in the hill, I do not know, a Reagan -style image, and that is where we go,” he added. “I still believe that Tesla, with an excellent execution, will be by far the most valuable company in the world. It could be as valuable as the next five companies [juntas]”,
The tycoon became a ballast for the company in the first quarter of the year. The political prominence of the Chief of the Company as an advisor to the president of the United States, Donald Trump, the demonstrations before the brand’s dealers, boycott calls and including some isolated violent incidents happened. All this happened to the company, whose car sales fell 13% in the first quarter. Tesla billed 19,335 million dollars between January and March, 9% less than a year earlier, and (about 358 million euros at the current exchange rate).
At the conference with analysts, he said, without providing evidence or indication in this regard, that protesters against Tesla are “receiving fraudulent money” from the government. “The real reason is that those who benefit from waste and fraud want to continue benefiting. That is what is happening here, obviously,” he insisted on his fabulation.
Part of the fall of the benefit is due to losses with cryptoactive, but even the adjusted result, in which Tesla has now decided to exclude that effect, also collapsed 39%, to 834 million dollars. Both income figures and benefits are below the analysts’ forecasts. Revenue collapse is especially accused in the sale of cars, 20%, up to 13,967 million dollars, since Tesla not only sold less cars, but sold them cheaper, to try to encourage demand with their promotions.
The damage to the brand for its role with Trump to warn about “the change in political feeling”, which “could have a significant impact on the demand for [sus] Short -term products.
During the conference with analysts, he also assured that he will continue to advocate “for low tariffs”, but that the decision does not depend on him. “I just want to emphasize that the decision on tariffs depends totally on the United States. I will give my advice to the president, who will listen to my advice, but then, of course, it will correspond to him to make the decision. I have said many times that I believe that the lowest tariff lower tariffs instead of higher, but that’s all I can do, ”he said.
At the time, he pointed out that, although Tesla is affected by tariffs, they do it to a lesser extent than other companies in their sector, since much of its model is large factories with local suppliers. In fact, the company is more affected by tariffs in its energy storage business than in cars.
