India, April 23 -- Elon Musk on Tuesday said that he will cut back his work for US President Donald Trump to a day or two per week from next month, allocating more time for his electric car company Tesla.

This comes in the backdrop of Tesla reporting a major drop in its first-quarter profit and the public backlash Musk has been receiving over his aggressive cost-cutting tactics at the Department of Government Efficiency (DOGE).

Musk's 130-day mandate as a special government employee in the Trump administration is set to expire around late May.

"I think starting probably next month, in May, my time allocation to DOGE will drop significantly," the Tesla CEO told investors during a conference call.

The electric car marker has faced sever...