Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Jump to content
Independent

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

Independent Bulletin homepage

Social Partner

We are 8 logo (opens in a new tab)We are 8 logoWe are 8 logo
  1. All
  2. News
  3. Sport
  4. Culture
  5. Lifestyle

Elon Musk is stepping back from DOGE. Here’s why

Tesla smashed to pieces in London protest against Elon Musk
  • Tesla CEO Elon Musk announced he will reduce his role at the United States Department of Government Efficiency (DOGE) to focus on his electric car company Tesla.
  • The company reported disappointing Q1 earnings, missing revenue and earnings per share estimates, with net income down 71 per cent.
  • The company faces negative public sentiment, violent attacks on its vehicles, and declining sales amid controversy surrounding Musk's role in DOGE and President Donald Trump's trade policies.
  • Tesla's plan to launch an affordable electric vehicle has been delayed, and the company is facing challenges in the Chinese market due to tariffs.
  • Mr Musk says he remains optimistic about Tesla's long-term prospects, citing its AI and robotics ambitions, despite the current difficulties.
In full

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in