Tesla's first-quarter financial report revealed a concerning decline, with revenue dropping 9% year-on-year and net profit plummeting by a staggering 71%. Amidst this challenging performance, Tesla CEO Elon Musk addressed the company's earnings call, announcing that beginning in May, he would substantially reduce his time spent in the Department of Government Efficiency. Instead, he will redirect his efforts towards Tesla, while still allocating one or two days per week to manage government affairs.
