Summary
Elon Musk, the boss of Tesla, has decided to lessen his involvement in the Department for Government Efficiency (Doge) after Tesla has experienced a decrease in earnings and sales. He aims to spend more time improving Tesla, but he will not completely leave his responsibilities in Doge.
Key Facts
- Elon Musk is the head of Tesla, a company that makes electric cars.
- Musk has also been leading a group called the Department for Government Efficiency, or Doge, that aims to cut down spending in the US government and find ways to work more efficiently.
- Recently, Tesla has been making less money and selling fewer cars.
- Because of this, Musk has decided to reduce his work hours at Doge and dedicate more time to Tesla.
- Some people have protested against Musk's political role and stopped buying Tesla cars. This also affected Tesla's earnings.
- Musk has given a lot of money to support the re-election of President Donald Trump.
- President Trump would like Musk to stay on in his political role for as long as possible.
- Tesla's business is also affected by changes in the trade policy with China because some parts of the car are made there.
- Elon Musk and Peter Navarro, a trade adviser, have had disagreements over trade.
