- Tesla CEO Elon Musk announced on Tuesday that he would return attention to the electric vehicle manufacturer But he said he would probably still work in the government while he has President Trump. However A special government officerMusk was supposed to spend only 130 days a year for state work. There are about 36 weeks left over the year, Musk’s total time in the role of SGE can potentially cover from 126 to 162 days.
Tesla investors were welcome Elon Musk to return attention to the electric car manufacturer and fulfill their high plans for self -government taxi, humanoid robots and uncontrolled control technology. During the call with analysts on Tuesday, Musk finally stated that he would be obliged and promised to spend less time for government efficiency (DOGE) and more time in Tesla, where he is the CEO.
“Probably starting from next month, in May, my division of time to DOGE will decrease significantly,” Musk said. “I will have to continue to do it. I think we have the rest of the president’s term to make sure the waste and fraud we stopped do not go back what it will do if he has the opportunity.”
Musk said he would spend “a day or two a week for government issues as long as the president would like me to do it while it is useful.”
“But starting from next month, I will allocate much more time in Tesla now that the main work of the Ministry of Government is done,” Musk said.
Tesla CEO did not resort to time restriction in his work as A special government officer (SG), however, which limits it Serve no more than 130 days for 365 days. But he will need to reflect on how he allocates his Trump’s days to stay within the rules. The year remained approximately 36 weeks, spending one -two days a week, can potentially see how Musk spent a total of 126 days to 162 days, given that he had spent about 90 days.
Such a designation allows Musk to serve as part of the roles and on the boards, without revealing the public disclosure about its finances, which will be required for a typical government worker. In addition to Tesla, Musk is also closely linked to the collection of private companies he founded, including Space. XSad company, Neuralink and Xai. Usually, head of directors and members of the council reset the role in the private sector before accepting assignments in public positions.
The White House did not immediately respond to a comment request.
Despite the lack of clarity about the time of Musk, which helped Trump, Tesla investors made his decision as a balm on a problem maker. Following Musk’s remarks, which created news headlines across the Tesla stock, more than 5%.
A blow came even like tesla announced Another disappointing quarter for investors, with Skinding of operating income, net profit and operating profitability. The revenues were underneath 9% to $ 19 billion, although energy revenues increased by $ 67 to $ 2.73 billion. Tesla also took a monetary position about $ 37 billion, which is 38% a year.
Interested shareholders Tesla
With the ARDA Retail Trade Shares, the TESLA investors’ relations team accepts questions to quarterly calls. Among 161 questions The presented about Elon Musk himself, the top three retail shareholders asked his government and what Tesla was inflicted to mitigate the company’s damage.
“Boycott, protests, vandalism, negative headlines and slides were caused by Elon Musk’s participation in changes in US services and employment,” a shareholder from about 88,000 shares wrote. “Does the Tesla Council discuss, should their CEO fully focus on Tesla and leave the government elected politician?”
Another investor from 365,000 shares asked: “How does the company plan to fight Elon’s partnership with the current administration?”
The third question with the most presented stocks, also the third, most paid other investors, asked: “With the participation of Elon to the federal government, the Tesla brand is attacked, more than usual. What steps is a company that deals with these attacks and educates the public about the benefits of Tesla?”
Originally this story was presented on Fortune.com
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2025-04-23 07:43:00
Amanda Gerut
