Overview

• Musk vowed on X to return to round-the-clock work at Tesla, SpaceX and X/xAI to roll out critical technologies and address recent operational issues.
• April European registrations plunged 49% to 7,261 cars, according to the European Automobile Manufacturers’ Association, highlighting brand weakness linked to his political role.
• At the Qatar Economic Forum, Musk admitted he “probably did spend a bit too much time on politics” and pledged to sharply reduce future campaign spending.
• Tesla’s stock jumped nearly 7% late in May after investors cheered his commitment to scale back duties at President Trump’s Department of Government Efficiency.
• SpaceX’s Starship program is set for Flight 9 this week following two early-year rocket explosions that spurred design improvements and regulatory clearance.