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23 Apr 2025
Tesla rallies as Musk says he'll limit time with government
Summary: Tesla CEO Elon Musk announced he will reduce his involvement with the US government’s Department of Government Efficiency (DOGE) starting in May, allocating more time to Tesla. Tesla’s shares rallied following the announcement. While Musk will continue to advocate for lower tariffs, his reduced involvement with DOGE, which has been criticized for its impact on the federal workforce and diversity programs, may impact the agency’s momentum.
Link: https://www.theedgesingapore.com/news/us-stocks/tesla-rallies-musk-says-hell-limit-time-government