Ever since Donald Trump came into power for his second term as president of the United States, we have heard a lot of news about him. Some of the news is good and others bad, and there is quite a bit that has to do with Elon Musk.
If you’ve been paying attention to the news recently, you realize that Elon’s company, Tesla, is not doing well. Now the CEO of that company is saying that he would prefer to limit the amount of time he devotes to the Trump administration beginning next month.
Rather than spending his time on the Trump administration and DOGE, he would like to focus on his vehicle manufacturing firm. It is not surprising, because the company did take a hit and the stock prices went down.
After the Tesla CEO made the decision that he would be focusing more on the company, the shares went back up about 5.5%. His comments coincide with the delivery of the lineup of vehicles, which has gone down considerably. Many in the company have sold off stock.
Investors who did sell off the stock from the firm are blaming it on the amount of uncertainty associated with Elon Musk and the time he is spending managing the firm. That amount of time has been limited because of his involvement in the Department of Government Efficiency.
Because of his efforts with the department, many federal jobs have been reduced and they are working on saving money where it is possible.
Does this mean the end of the friendship between Donald Trump and Elon Musk? We will just have to wait and see.
