Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
U.S. Intelligence Briefly Curtailed Information Sharing With Israel Amid Gaza War Concerns 
International Stabilization Force for Gaza Nears Deployment as U.S.-Led Planning Advances 
Belarus Frees 123 Political Prisoners in U.S.-Brokered Deal Over Sanctions 
Democrats Face Uphill Battle in Midterm Elections Despite Recent Victories, Reuters/Ipsos Poll Shows 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
International Outcry Grows Over Re-Arrest of Nobel Laureate Narges Mohammadi in Iran 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery 
Preservation Group Sues Trump Administration to Halt $300 Million White House Ballroom Project 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Tunisia Protests Grow as Opposition Unites Against President Kais Saied’s Rule 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
U.S. Lifts Sanctions on Brazilian Supreme Court Justice Amid Shift in Brazil Relations 
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk clarified Tuesday that he is not stepping down from the Department of Government Efficiency (DOGE), but is merely reducing his time commitment. Responding to a post on X, Musk stated, “Not stepping down, just reducing time allocation now that @DOGE is established.”
This statement follows Tesla’s Q1 earnings call, during which Musk announced plans to focus more on Tesla beginning in May. While stepping back, he will continue advising President Donald Trump and remain involved with DOGE a few days per week. DOGE, an initiative launched by Trump and led by Musk, aims to reduce government spending, initially projecting a $2 trillion fiscal deficit cut within two years. However, Musk has since scaled back those targets.
Musk emphasized that the foundational work to establish DOGE is mostly complete, allowing him to reallocate attention to Tesla. Despite this, he noted that around 40% of his time will still go to the agency.
Critics, including Tesla shareholders, argue Musk’s involvement in political ventures has distracted him from managing the EV company. Tesla recently reported weaker-than-expected Q1 earnings amid declining vehicle sales, intensifying competition from Chinese automakers, and uncertainty tied to Trump’s proposed trade tariffs.
Additionally, Musk’s political alignment with the alt-right has sparked calls for a Tesla boycott in both the U.S. and Europe, further pressuring the brand’s public image.
As Tesla navigates a challenging market environment and investor concerns mount, Musk’s balancing act between government duties and Tesla leadership remains in sharp focus.
