Musk says his time working for Trump administration will 'drop significantly' next month - as Tesla profits sink

Group 1 - Elon Musk plans to reduce his involvement with Donald Trump's Department of Government Efficiency (Doge) and focus more on Tesla starting in May [1] - Tesla's first-quarter profits dropped by 71% to $409 million, attributed to declining sales and the impact of President Trump's tariffs [1] - Revenue for Tesla fell by 9$19.3 billion in the first quarter, which was below Wall Street's expectations [2] Group 2 - Tesla's stock has decreased by over 40% this year, although it experienced a slight increase in after-hours trading [2] - Concerns regarding Musk's ability to dedicate sufficient attention to Tesla have contributed to the stock's decline [2] - Shareholders have raised questions about Musk's role as CEO, indicating a focus on leadership stability during an upcoming investor call [3]