Frequenting Donald Trump too closely is definitely not very good for business. Since Elon Musk has been placed by the President of the United States at the head of the very poorly named Commission for Government Effectiveness (DOGE), the actions of the company of which he is the CEO have dropped by almost 35 %. The brand’s sales of the brand are also in clear decline in many countries, and in particular in France, after boycott calls, demonstrations and acts of vandalism targeting them.
Inevitably, within the company, some are starting to cringe. According to the Wall Street Journalmany Tesla shareholders expressed their dissatisfaction after Elon Musk’s arrival in the Trump team, saying that he abandoned his business. In an article published Wednesday, April 30, the American economic daily assures that members of the company’s board of directors have even started to look behind a new managing director to replace it.
In the wake of the publication of the article, Tesla denied. “It’s absolutely falsefirmly reacted Robyn Denholm, the chairman of the board of directors, in a publication on X, the social network held by her boss. The director general of Tesla is Elon Musk and the board of directors has any confidence in its ability to continue the implementation of the fascinating growth plan. ”
Elon Musk became CEO of Tesla in 2008, supervising the rise of the company that has since become one of the most valued in terms of market capitalization. Placed at the head of the DOGE in January to make huge cuts in public spending ($ 2,000 billion in savings were initially planned), Musk had since abandoned the management of the company.
In three months, the DOGE led to the jobs of federal officials, suppressed by the thousands, and carved out in federal subsidies. Several agencies of the American government have been either dismantled or deprived of most of their capacity for action, including the USAID humanitarian aid agency. Several media surveys have called into question the amounts published by DOGE, considering them overvalued. According to the modeling site of the University of Pennsylvania, the budget of the federal government has increased by 5.9 % since the start of the year compared to the same period of 2024, a trend that has even accelerated in recent weeks.
On April 22, on the occasion of the presentation of Tesla Elon Musk’s results had already assured that he intended to move away from the government team from May to find his full -time position in the company. Donald Trump asked him to stay a little more on Wednesday. While saying to understand if Elon Musk “Wants to return to his cars”.
