Elon Musk said on Tuesday he would cut back significantly the time he devotes to the Trump administration from next month and spend more time running his many companies.
The move comes as Musk's involvement in the so-called Department of Government Efficiency (DOGE) — where he has led efforts to cut federal jobs — has become a political lightning rod, fueling unrelenting protests and vandalism, opens new tab at Tesla showrooms. Investors have raised concerns about Musk spending too little time managing Tesla, where sales have nosedived. He has brushed off concerns about brand damage hurting Q1 sales.
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