Trump's AI And Crypto Czar David Sacks Says Elon Musk Going To 'Stay Involved' In DOGE, Calls Entrepreneur Rationing His Time Sensible

Last Tuesday, Elon Musk revealed that he is shifting focus from the Department of Government Efficiency to Tesla Inc. TSLA. The announcement sent the automaker's stock soaring nearly 24% in the past five days. Now, Donald Trump's AI and crypto czar, David Sacks, has offered insight into Musk's management strategy.

What Happened: During Tesla's first-quarter earnings call, Musk said that he would significantly reduce his time commitment to DOGE, dedicating only one to two days per week moving forward.

Over the weekend, in an episode of the All-in Podcast, Sacks explained that Musk isn't entirely stepping away from DOGE but rather streamlining his efforts to better balance his many responsibilities.

“I saw this before when I was part of the Twitter transition,” Sacks explained, adding that for the first three months, Musk dedicated intense bursts of time to get the right people in place and then shifted to a maintenance mode.

“He’s going to stay involved, but as an SGE [Special Government Employee], he’s limited to 130 days a year anyway, and so it makes sense for him to kind of now ration his days a little more closely,” referring to the Tesla CEO’s role at DOGE.

See Also: Elon Musk Equates Car Ownership In Future To Riding A Horse While Using A Flip Phone — Pierre Ferragu Says Tesla’s ‘iPhone Moment’ Hinges On Full Autonomy

Why It's Important: Tesla’s first-quarter revenue reached $19.34 billion, a 9% drop from the same period last year. This figure fell short of Wall Street’s expectations, missing the $21.35 billion consensus estimate.

Following Musk's announcement about significantly reducing time at DOGE, Daniel Ives from Wedbush Securities responded positively and raised Tesla's price target to $350 per share.

However, not all analysts were optimistic about Tesla’s earnings. Ross Gerber expressed growing skepticism about Musk's ambitious projections. Gerber called it the worst performance he has seen in his 11 years of covering the company.

Price Action: Tesla’s shares have risen by 23.73% over the past five days. However, despite this gain, the stock is still down 24.87% year-to-date, according to Benzinga Pro.

According to Benzinga Edge Stock Rankings, Tesla currently holds a growth score of 45.57%. Click here to see how it compares to other companies in the sector.

Photo courtesy: Joshua Sukoff / Shutterstock.com

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.