Musk Leaves Politics for Business: 'Returning to Work 24/7'.
Elon Musk is back to full-time work
Elon Musk's social media platform X has been restored after an outage that occurred in the US on Saturday, back online for most users. Following this, the billionaire announced his return to work '24/7' in his companies. 'I am returning to work 24/7 and sleeping in conference rooms, server rooms, and factories. I need to focus maximum on X/xAI and Tesla (plus launching Starship next week),' Musk wrote in his post on X.
'This announcement came after Musk stated he would significantly cut his political spending, signaling a return to focus on his business empire amid growing investor concerns.'
Last year, Musk spent over $300 million supporting Donald Trump's presidential campaign and other Republicans. However, his political views have sparked waves of protest, leading to declining Tesla sales. His involvement in Tesla troubles some investors, and Musk attempted to reassure them by announcing his intent to reduce his participation in DOGE work to one or two days a week.
Analysis
An important shift for investors is Elon Musk's focus change from political activity to his businesses. His decision to spend more time at Tesla and other companies may impact the long-term plans for developing innovative projects in the fields of artificial intelligence and automotive manufacturing. Such strategic changes in Musk's work could reflect on his companies in the future.
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