Elon Musk recently announced in a conference call that he would have reduced the time of working for US President Donald Trump from May to only one or two days per week. This means that they will now give more time to their major company Tesla, which has recently faced a huge profit decline. This decision of Musk has created a stir not only in the auto industry but also the cryptocurrency market, especially their favorite Mimkin Dogcoin (DOGE )’s community is worried after his decision.
Tesla’s profits declined a big reason
Tesla recorded a 71% profit fall in the first quarter of 2025. From January to March, the company’s income was $ 19.3 billion, which was much lower than Wall Street’s expectations. In such a situation, investors and shareholders started questioning MUSK whether they are diverting attention from Tesla due to government projects like DOGE?
Distance from dog or just temporary changes?
Elon Musk said, “My work is almost complete in DOGE, but does it mean that they are leaving Dogecoin?” There is confusion in the Crypto Community regarding DOGE i.e. “Department of Government Efficiency”, as DOGE Cryptocurrency is also a short form of Dogecoin. In such a situation, people saw it in the form that Musk is now leaving Dogecoin.
Elon Musk and their reversal habit
Elon Musk has reversed his stand several times before. At one time he spoke of supporting AI except Cryptocurrency. But suddenly one day Elon musk kekius causes an increase in maximus Were. Actually Elon Musk was seen promoting a meskin named Kekius Maximus (Kekius), but the next day he removed Kekius’s name from his profile. In such a situation, there is no new thing about the change in his attitude regarding dog.
Is this a danger bell for Dogecoin?
The prices of dogcoin have seen fluctuations in recent times. Every step of the musk directly affects the dog, as they are considered its biggest promoter. In such a situation, the possible distance from his dog is increasing uncertainty in the Crypto Market.
Conclusion
Elon Musk has announced to reduce time from DOGE (Government Department), but this does not mean that they are keeping distance from Dogecoin Crypto. The history of Musk tells when they change what they change. Currently, Tesla’s declining profit rate has forced him to focus on his core business again. Crypto Community will currently have to do a weight and watch.
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