Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Rohit David

How Musk Stepping Back From DOGE Could Jolt Tesla's Future

Elon Musk has publicly denied reports that he's stepping down from his government position at DOGE, labeling them 'fake news.' (Credit: X / Elon Musk Parody) (@ElonMuskAOC)

On 23 April 2025, Elon Musk announced he would scale back his role in the Department of Government Efficiency (DOGE), a move that expects to jumpstart and reshape Tesla's future. After months of splitting his time between Washington and his sprawling business empire, Musk's decision to refocus on Tesla comes at a critical juncture.

The electric vehicle giant is grappling with a 71% profit plunge, a 44% stock slide, and a tarnished brand image tied to Musk's polarising political involvement. This pivot could be Tesla's salvation or a high-stakes gamble that leaves it vulnerable.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.