Tesla reported earnings down 71% from this time in 2024, and its stock has dropped 37% from the beginning of this year. The negative results that Musk’s company have suffered have been attributed by many to his political involvement, which has resulted in mass protests of the company.

Elon Musk says he will spend more time at Tesla, but the White House expects him to continue “dedicating a lot of his time”’ to supporting the president.