A few days after acquiring Tesla shares in the open market for the first time in five years, Elon Musk wrote on X that he is back to 24hourds-7 days a 7-day-a-week mode across its companies.
The CEO’s involvement with US and European politics earlier this year has increased pressure on Tesla‘s stock as shares plunged over 50% from late December to April.
It rebounded in late April when Musk announced for the first time he was stepping back from his role in the Government in the following month.
He served in the Trump Administration as the Head of the Department of Government Efficiency (DOGE) until late May.
After ending his role, and as Trump’s major budget bill advanced, Musk started publicly opposing to several measures proposed by the President, including his views on electric vehicles and clean energy — two sectors central to Tesla‘s business.
In early July, Musk even suggested forming his own political party, but progressively abandoned the idea.
By then, several Wall Street analysts and Tesla shareholders expressed disapproval and urged him to refocus on Tesla and his other companies.
Tesla is advancing in automation with projects like the Optimus humanoid and the upcoming robotaxi launch, and is facing a surge in vehicle demand ahead of the EV tax credit deadline — that anticipates “rough quarters” ahead.
Musk has been reaffirming his commitment to the company, stating in an X reply this Monday that “Daddy is very much home.”
“Am burning the midnight oil with Optimus engineering on Friday night, then redeye overnight to Austin arriving 5am,” he noted, “wake up to have lunch with my kids and then spend all Saturday afternoon in deep technical reviews for the Tesla AI5 chip design.”
Regarding his time at xAI, Musk said he must “fly to Colossus II on Monday to walk the whole datacenter floor, review transformers and power production (excellent progress)” and then “depart midnight.”
The CEO then has “up to 12 hours of back to back meetings across all Tesla departments,” focusing on “AI/Autopilot, Optimus production plans and vehicle production/delivery.”
Tesla‘s board chair Robyn Denholm had stated last week that Musk has returned to being “front and center at the company,” delivering “against really ambitious goals.”
The comments came as Tesla seeks shareholder approval for a new pay package for Musk, linking the potential payout to unprecedented growth targets such as a market capitalization of nearly $7.5 trillion.
Other targets include large-scale deployment of next-generation products, including 1 million Robotaxis in operation and 1 million humanoid AI Bots delivered over a period of at least seven and a half years.
“Once you decide who the leader should be, you need to put in place a compensation package to incent and motivate him to actually deliver against the ambitious goals,” Denholm said.
The shareholders will vote on the 2025 Annual Shareholder Meeting, to be held on November 6.
The investors will also vote on a shareholder-initiated proposal for the company to invest in xAI. The company has been developing Grok, its flagship AI model, which was integrated in Tesla vehicles in July.
