Elon Musk is stepping back from DOGE to spend more time at Tesla

Core Insights - Elon Musk announced he will be stepping back from his involvement with DOGE to focus more on Tesla, following a significant decline in Tesla's profits and stock price [3][4][5] Financial Performance - Tesla's first-quarter earnings report revealed a 71% plunge in profits, with revenue down 9% year-over-year and vehicle deliveries dropping 13% [3] - Tesla's stock has declined 41% year-to-date, indicating significant market challenges [4] Market Reactions - Following Musk's announcement to focus more on Tesla, the company's stock jumped 5% in after-hours trading, reflecting investor optimism [3] Strategic Developments - Musk's renewed focus on Tesla includes plans for a robotaxi rollout and a more affordable Tesla model, alongside updates on tariffs [5]