Nigeria, April 23 -- Elon Musk, the CEO of Tesla, has announced plans to reduce his involvement in Donald Trump's administration following a sharp fall in Tesla's profits.

The decision was prompted by investor pressure and global consumer backlash against Musk's relationship with the former U.S. president, particularly his leadership of the Department of Government Efficiency (DOGE), a Trump administration initiative aimed at reducing federal spending and cutting the government workforce.

On Tuesday, April 22, 2025, Tesla reported a 20% decline in revenue and a 71% decrease in net profit for the first quarter of the year, compared to the same period in 2024.

The company earned $19.3 billion in revenue, which was below the expected $21....