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Elon Musk Pledges Long-Term Tesla Leadership and Reduced Political Spending

At the Qatar Economic Forum, Musk committed to staying as Tesla CEO for at least five years, scaling back political contributions, and focusing on addressing Tesla's market challenges.

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Overview

  • Elon Musk confirmed he will remain Tesla’s CEO for at least the next five years, emphasizing his dedication to the company’s future.
  • Musk announced plans to significantly reduce political donations, stating he believes his previous contributions, including $300 million to Donald Trump in 2024, were sufficient.
  • Tesla experienced a 13% drop in Q1 2025 sales compared to the previous year, with weaker performance in Europe but stronger sales in other regions.
  • In response to investor concerns, Musk stated he will spend less time in Washington and dedicate more attention to Tesla’s operations and growth.
  • Musk denied allegations of conflict of interest related to his advisory role in the Trump administration, describing his contributions as purely consultative.