What did the world’s richest man Alan Musk get a shock in his business, he has agreed to withdraw from his responsibility in his partner and US President’s government. Alan Musk will now reduce the work found in the Trump administration to a great extent in May to focus on his electric car company Tesla. Billionaire Alan Musk announced on Tuesday, April 22 as Tesla has fallen by 71 percent in the first quarter profit.

After becoming President, Donald Trump has created a new department to prevent government fades called “Government Efficiency Department” or DOGE. Its head Alan Musk has been made. Now on Tuesday, Musk said at the beginning of an earning conference call, referring to her work for DOGE, saying, “Probably in the next month, the time I give to DOGE, it will be quite less.”

In his initial comments, Musk defended his work for DOGE. Musk said that the work for DOGE “has been completed mostly”, he said that he would not get out of government work completely.

Musk said, “I think I will continue to spend one or two days every week on government matters, or as long as the President would like to do it to me, and it will be useful as long as it will be useful.”

He has given his decision at a time when Tesla reported a profit of $ 409 million after a decline in sales. Analysts have said that the reason behind such a huge decrease in profit is that the US government employees are working for President Donald Trump and have caused Tesla’s brand damage.

Tesla’s revenue i.e. revenue has fallen nine percent to $ 19.3 billion. The company has retreated from its 2025 guidance (guidelines), citing no certainty on business policy and demand. The company said, “Uncertainty in automotive and energy markets is increasing as the rapidly developing trade policy Tesla and our colleagues are adversely affecting the global supply chain and cost structure.”

Musk, the world’s richest person, has donated more than $ 270 million to Trump for the 2024 presidential election. Analysts have warned Tesla of significant brand damage to Musk’s leadership role in DOGE. Musk has provided itself to the government database with sensitive personal information and has implemented cuts in thousands of jobs.

(Tagstotranslate) Elon Musk (T) Donald Trump (T) Tesla (T) Tesla Profit (T) Elon Musk News (T) Elon Musk DOGE (T) Elon Musk Doge Exit Date (T) Allen Musk and Donald Trump Trump (T) Tesla (T) Tesla Profit