Tesla CEO Elon Musk said in an interview on Tuesday that he plans to remain the leader of the electric vehicle giant in the years ahead.
Musk was interviewed by Bloomberg at the Qatar Economic Forum in Doha and said he is committed to still being at Tesla in five years.
His comments come following his involvement with the Trump administration as the public leader of the Department of Government Efficiency (DOGE).
That role raised concerns among some investors about Musk’s focus on Tesla, as well as his other businesses like SpaceX and xAI, which contributed to a slide in Tesla’s stock alongside soft demand for EVs. Musk said that Tesla has already “turned around” and that while its weakest market is Europe, demand is strong everywhere else.
Musk said that Starlink, the satellite-based interest service that’s operated by SpaceX, may go public at some point in the future – but added that there’s no rush to do so.
After being a prominent political backer and donor to President Donald Trump’s campaign, Musk said that he plans to do “a lot less” political spending in the future, adding that “I think I’ve done enough.”
Musk was asked if his plans to rein in his political spending is in response to blowback and responded, “If I see a reason to do political spending in the future, I will do it. I do not currently see a reason.”
Reuters contributed to this report.
This is a developing story. Please check back for updates.
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