00:00Tesla CEO Elon Musk said he will scale back his involvement in US government affairs and devote more time to the electric vehicle maker after the company reported a steep drop in profits.
00:17Musk told analysts that his time spent on the Trump administration's Department of Government Deficiency, or DOGE, would drop to a day or two per week.
00:27He added that the major work of establishing DOGE is done.
00:33Tesla struggled to sell vehicles as it faced angry protests over Musk's increasing involvement in politics.
00:41The company warned investors that changing political sentiment and rapidly evolving trade policy could have a meaningful impact on demand for its product in the near term.
00:51Musk, who has donated more than $250 million to Trump's re-election campaign, has faced global protests and calls to boycott Tesla.
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