Elon Musk will spend more time to Tesla and less to Donald Trump. For investors, that is great news, after the damage caused by the magnate to the car brand for its role in the government efficiency department (Doge). After announcing that he would not leave his political work completely to avoid “the destruction” of the United States, Musk said the words that the shareholders wanted to hear. “I think that probably from next month, May, my time dedicated to Doge will be significantly reduced,” he said in a call with analysts to present the results. “From next month, I will dedicate much longer to Tesla,” he added. The company’s shares shot immediately on the stock market. Ascents close to 8% came to sign up outside the usual negotiation schedule, although the progress was then left in the 5% environment. The apart will not be total, the Tesla chief ventured that he will continue to continue to some extent in government tasks during “the rest of the president’s mandate”, whose four years have only been consumed three months, but that he will soon dedicate more time to Tesla. “I will continue to dedicate one or two days a week to government affairs, or as long as the president wishes and while it is useful,” he said, added that he will continue to advocate for a reduction in tariffs. The progressive separation of Musk from the White House was an open secret. “I think Elon is great, but also has a company to direct, or several companies,” Trump told reporters earlier this month. “We are not in a hurry, but there will come a time when Elon will have to leave,” he added, when the first information began to emerge. Since the inauguration of President Donald Trump in January, Musk and his acolytes have quickly incorporated into federal agencies, where they have access to some of the most sensitive databases of the government. The Doge has contributed to the massive reduction of the federal staff and has cut the diversity, equity and inclusion programs. Musk, as “special government employee”, can only work 130 days a year, theoretically. He appeared as Salvador de Resusion. Therefore, he said, he will not leave his tasks at Doge. “I will have to continue doing it during the rest of the president’s mandate, just to make sure that the waste and fraud that we have stopped does not return strong Some setbacks for the time that I have spent in the government with the Department of Government Efficiency, with Doge, ”the call with analysts began. “I think that the work we are doing there is really very important to try to reduce the insane deficit that is leading to our country, the United States, to destruction. The Doge team has made many progress in the fight against waste and fraud, but a natural negative reaction is that those who were receiving the dwasting money and kneading fortunes with him will try to attack me, to the team of Dog That I really only have two options. He concluded that he chose to fight “the waste for fraud and re -run the country.” “If the United States continues to fall, we will all fall with him,” he added. “I encourage people to look beyond the potholes and obstacles that are immediately in front of us. Leave their eyes to the brilliant citadel in the hill, I do not know, a Reagan -style image, and that is where we go,” he added. “I still believe that Tesla, with an excellent execution, will be by far the most valuable company in the world. It could be as valuable as the next five companies (Boards),” he said, a message that has been reiterating. The tycoon became a ballast for the company in the first quarter of the year. The political prominence of the company’s head as an advisor to the president of the United States, Donald Trump, scared the potential clients of the brand. The manifestations before the brand’s dealers, boycott calls and included some isolated violent incidents followed. All this happened to the company, whose car sales fell 13% in the first quarter. Tesla billed 19,335 million dollars between January and March, 9% less than a year earlier, and its benefit sank 71%, up to 409 million dollars (about 358 million euros to the current exchange rate). At the conference with analysts, he said, without providing evidence or indication in this regard, that the protesters against Tesla are “receiving fraudulent money” of the government. “The real reason is that those who benefit from waste and fraud want to continue benefiting. That is what is happening here, obviously,” he insisted on his fabulation. Both income figures and benefits are below the analysts’ forecasts. The collapse of the income is especially accused in the sale of cars, of 20%, to 13,967 million dollars, since Tesla not only sold less cars, but sold them cheaper, to try to cheer the demand with their promotions. The report of results does not mention Musk, but implicitly admit the damage to the brand for its role next to Trump when noticing “the change in“ the change in the political feeling ” Significant impact on the demand for short -term products ”. For this reason, and for the changes in commercial policy and distortions in the supply chain ―provoked by Trump’s commercial warfare – the company suspends its sales forecasts and will update them after the second quarter. During the conference with analysts, he also assured that he will continue to advocate “by low tariffs”, but that the decision does not depend on it. “I just want to emphasize that the decision on tariffs depends totally on the United States. I will give my advice to the president, who will listen to my advice, but then, of course, it will correspond to him to make the decision. I have said many times that I believe that the lowest tariff lower tariffs instead of higher, but that is all I can do, ”he said. In fact, the company is more affected by tariffs in its energy storage business than in cars. (Tagstotranslate) Economics
