Tesla Rallies as Musk Says He’ll Limit Time With Government
Elon Musk during a cabinet meeting at the White House in Washington on April 10.
Photographer: Shawn Thew/EPA/Bloomberg
Tesla Inc. Chief Executive Officer Elon Musk said he’ll start to pull back “significantly” his work with the US government starting in May. The company’s shares rallied in late trading.
“I think starting probably next month, May, my time allocation to DOGE will drop significantly,” Musk said during a call with analysts on Tuesday, referring to the federal cost-cutting effort dubbed the Department of Government Efficiency.