During Tesla’s first quarter earnings call, CEO Elon Musk announced that starting in May, he would be stepping back from the Department of Government Efficiency’s (DOGE) daily operations.
Musk’s comments were received positively by TSLA investors, resulting in the company’s stock rising despite Tesla missing Q1 expectations.
Musk’s Comments
In his opening remarks at the Tesla Q1 2025 earnings call, Musk acknowledged that there has been some blowback to Tesla due to his activities at DOGE. And while he believes that the protests against Tesla are very organized and likely paid for, he also noted that it is time for him to allocate more of his time to Tesla.
“Starting probably next month, May, my time allocation to DOGE will drop significantly… I’ll be allocating probably more of my time to Tesla now that the major work of establishing the Department of Government Efficiency is done,” Musk noted.
Trump’s Response
Considering Musk’s comments, it was no surprise that United States President Donald Trump was asked about the CEO’s impending step back from DOGE. Trump stated that he “can’t speak more highly about any individual,” and that Elon Musk has contributed a lot to the administration due to his work with DOGE. The president highlighted, however, that the backlash against Tesla has been extremely unfair.
“I also know that he was treated very unfairly by the, I guess he called the public, by some of the public, not by all of it. He makes an incredible car. Everything he does is good, but they took it out on Tesla, and I just thought it was so unfair, because he’s trying to help the country, but he has helped the country,” Trump stated.
The U.S. President also noted that Musk is a great patriot, and that the people who attack Teslas are “sick.” Trump also praised Elon Musk’s initiatives, stating that all the CEO’s projects are great, from Starlink to Neuralink to SpaceX to Tesla.
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