Elon Musk, Tesla's CEO, announced that he plans to significantly reduce his time commitment to the Trump administration starting next month and to instead dedicate more time to managing his various companies.
This decision follows mounting controversy surrounding Musk's leadership in the Department of Government Efficiency (DOGE), where he has led efforts to cut federal jobs which has caused ongoing protests and vandalism at Tesla showrooms.
This decision follows mounting controversy surrounding Musk's leadership in the Department of Government Efficiency (DOGE), where he has led efforts to cut federal jobs which has caused ongoing protests and vandalism at Tesla showrooms.
Category
🗞
NewsTranscript
00:00but the large slug of work necessary to get the vote team in place and working in the government
00:06to get the financial house in order is mostly done so i think i'll continue to spend you know
00:15a day or two per week on um government matters for as long as the president would like me to do so
00:24and as long as it is useful uh but starting next month um i'll be allocating um far more of my time
00:33to tesla i do i think tesla will be the most valuable company in the world by far it may be
00:39as valuable as the next five companies combined but there'll be a few bumps along the road before
00:43before that happens um i said i think on the last morning's call that you know that what we'll start
00:51to see um the prosperity of autonomy take effect in the material way around the middle of next year