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Elon Musk returns: focus on X, Tesla and space travel!
Elon Musk says he will focus more on his companies Tesla, SpaceX and X while reducing political activity.
Elon Musk returns: focus on X, Tesla and space travel!
In recent weeks, Elon Musk has set the course for a realignment of his activities. During a recent Tesla earnings call, Musk said he would increase his focus on his companies that are developing key technologies. The companies affected include the social platform X, the AI startup xAI founded in 2023, Tesla and SpaceX, whose next test flight of the Starship spacecraft is scheduled for May 28. This return to business is, among other things, a response to technical issues that affected the availability of Platform X. As rp.pl reports, significant operational improvements were required.
Musk admitted that his involvement in government during his role as a supporter of the Trump administration, particularly in terms of reducing government actions, led to significant disruptions in the federal workforce. This deterred many employees and caused Tesla stock prices to fall. The situation only improved after his announcement that he would withdraw from government activities. During the Tesla earnings call, he stated that he will be "at work 24/7" and also plans to sleep in conference rooms or factories to solve the pressing problems in his companies.
Musk’s political activities and their decline
In 2024, Musk invested nearly $300 million to support Donald Trump's presidential campaign and other Republican initiatives. He led the Department of Government Efficiency (DOGE), which focused on cutting jobs and cutting billions in contracts and grants. Now Musk plans to significantly reduce his political activities. According to Yahoo Finance, he may only maintain his political participation one or two days a week.
Although Musk is considering a different approach to political donations in the future, he does not express specific reasons for doing so. He promised to reduce political spending and at the same time cut his government involvement in order to free up more time for his business activities. The changes he is making also appear to be a direct response to the numerous criticisms he has received in recent years for his public actions.
In these turbulent times, as Musk withdraws his womanhood from political concerns, the question remains how these decisions will affect the future development of Tesla, X, xAI and SpaceX. The coming months will be crucial to see whether this focus on businesses will deliver the desired progress and stability.