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Source: The Washington Post / Getty

Tesla CEO Elon Musk says he’ll be stepping back from his role in the Department of Government Efficiency in May after Tesla reported a drop in profit and sales.

In the first quarter of 2025, Tesla’s revenue fell by 9%, with auto revenue dropping 20% and net income plummeting 71% year over year.

Musk informed investors of his decision to step back from his government role on an earnings call.

“The large slug of work necessary to get the DOGE team in place and working with the government to get the financial house in order is mostly done,” he told them.

Musk, who has watched Tesla’s stock tumble by more than 40% this year, said he’ll continue to support the president with DOGE “to make sure that the waste and fraud that we stop does not come roaring back.”

He said he’ll continue to spend a “day or two per week” on government issues “for as long as the president would like me to do so.”