Elon Musk recently said that he will significantly reduce his time at the Department of Government Efficiency ( DOGE ), which many started speculating about the Tesla CEO leaving the task force. In a latest, President Donald Trump’s Crypto Czar explained that Musk is not entirely leaving DOGE. Instead, he will be streamlining his efforts, balancing his responsibilities at DOGE and Tesla. Speaking on an episode of the All-In Podcast, David Sacks said, “I saw this before when I was part of the Twitter transition,” adding that for the first three months, Musk put in intense bursts of time to get the right people in place before moving into a maintenance mode.
“He’s going to stay involved, but as an SGE [Special Government Employee], he’s limited to 130 days a year anyway, and so it makes sense for him to kind of now ration his days a little more closely,” Sacks added.
Tesla shares have dropped by over 40% in 2025 so far. The decline is majorly attributed to Musk’s involvement with the government that has raised concerns among investors, who blamed his ties with the Trump administration for a decline in the company’s profit and sales.
Speaking during the company’s Q1 results, Musk said “Starting next month, May, my time allocation to DOGE will drop significantly”.
Tesla Bull Dan Ives praises Elon Musk
Musk’s renewed focus won praise from long-term Tesla investor and Wedbush Securities analyst Dan Ives. Sharing a post on X, Ives wrote “Musk has handled the conference call very well.”
“Recommit to Tesla and major step back on DOGE. This was well communicated by Musk on this call in our view…needed to hear this tone and direction,” he stated.
He termed the Tesla earnings call on Tuesday (April 22) as “the most important conference call he’s ever had”.
“He’s going to stay involved, but as an SGE [Special Government Employee], he’s limited to 130 days a year anyway, and so it makes sense for him to kind of now ration his days a little more closely,” Sacks added.
Tesla shares have dropped by over 40% in 2025 so far. The decline is majorly attributed to Musk’s involvement with the government that has raised concerns among investors, who blamed his ties with the Trump administration for a decline in the company’s profit and sales.
Speaking during the company’s Q1 results, Musk said “Starting next month, May, my time allocation to DOGE will drop significantly”.
Tesla Bull Dan Ives praises Elon Musk
Musk’s renewed focus won praise from long-term Tesla investor and Wedbush Securities analyst Dan Ives. Sharing a post on X, Ives wrote “Musk has handled the conference call very well.”
“Recommit to Tesla and major step back on DOGE. This was well communicated by Musk on this call in our view…needed to hear this tone and direction,” he stated.
He termed the Tesla earnings call on Tuesday (April 22) as “the most important conference call he’s ever had”.
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