April 22, 2025

Elon Musk said on an earnings call Tuesday that he plans to devote more of his attention to running his electric vehicle company Tesla, which reported a stark drop in sales and revenues for the first quarter of the year, amid pervasive concerns about the impacts of tariffs and Musk’s own role in reshaping the government.

Tesla’s total revenue from car sales dipped 20 percent and net income fell an astonishing 71 percent during the first quarter of 2025, the company announced Tuesday.

On an earnings call with investors, Musk said “starting next month I will be allocating more of my time to Tesla” and that he will “continue to spend a day or two on government matters” as long as President Donald Trump wants.

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