Tesla CEO Elon Musk announced he will significantly reduce his involvement in the Department of Government Efficiency (DOGE) starting in May, focusing more on Tesla. This decision follows negative public reaction towards Tesla seemingly linked to Musk's DOGE activities. The news was well-received by investors, boosting Tesla's stock despite missing Q1 expectations. President Trump defended Musk, calling the backlash against Tesla unfair and praising Musk's contributions to the country.

Prepared by Christopher Adams and reviewed by editorial team.