Tesla CEO Elon Musk confirmed during a recent shareholder discussion that he plans to reduce his public involvement with DOGE and redirect his time and energy toward Tesla operations. The announcement marks a notable shift for the billionaire entrepreneur, who has long been a vocal proponent of the meme-based cryptocurrency.
According to a report by The Right Scoop (source), Musk disclosed his plans during a private meeting with Tesla’s board and shareholders, stating that his increased focus on Tesla is necessary due to the company’s evolving goals and expansion efforts. The CEO said that beginning next month, his time spent on Dogecoin and related crypto commentary would be significantly scaled back.
The news also appeared in a report from the New York Post (source), which stated Musk told attendees that Tesla is entering a critical phase of development, including its work on autonomous driving, robotics, and gigafactory expansion. “It’s time to double down on what matters most,” Musk reportedly said, referencing the core mission of accelerating the world’s transition to sustainable energy.
Musk’s strong influence on cryptocurrency markets, especially Dogecoin, has drawn praise and criticism alike over the past few years. His tweets and public remarks have consistently impacted DOGE prices, often leading to massive market swings. However, Musk appeared to acknowledge that the distraction may no longer be worth the volatility it introduces to both his time and Tesla’s brand.
Conservative observers have noted that Musk’s refocusing comes at a time when America needs strong, committed business leaders willing to concentrate on industrial and technological advancement over speculative crypto ventures. By redirecting his attention to Tesla, Musk is reaffirming his commitment to American innovation and job creation.
“Dogecoin was fun, and I still support it conceptually,” Musk told investors, as quoted by The Right Scoop. “But Tesla’s next phase requires full engagement.” Musk’s words appear to reflect a more serious tone, marking a departure from the internet-driven antics that once boosted Dogecoin to unexpected heights.
Supporters of traditional investment strategies have long argued that cryptocurrencies like Dogecoin lack the intrinsic value and stability necessary for long-term growth. Musk’s withdrawal from heavy involvement in the meme-coin may signal a return to more grounded corporate priorities—something Wall Street has been urging for months.
This pivot comes amid a time of market recalibration. Tesla continues to face stiff competition from foreign electric vehicle makers, particularly from China, whose manufacturers have benefited from state subsidies and lower production costs. Musk has repeatedly voiced concern over unfair trade practices, and recently supported U.S. policies designed to level the playing field for American automakers.
The move is likely to be well-received by serious investors who have urged Tesla’s leadership to keep its focus on product innovation and infrastructure. One investor reportedly told the New York Post that Musk’s decision “restores confidence in Tesla’s long-term trajectory.”
Despite pulling back from crypto-related content and promotion, Musk emphasized that he is not abandoning Dogecoin entirely. Instead, he described his future role as more of a supporter than a front-line advocate. “I’ll still root for DOGE,” he said, “just not tweet about it every other day.”
Musk’s decision follows growing calls from shareholders and Tesla insiders for him to streamline his commitments. In recent years, the billionaire has juggled several high-profile roles, including at SpaceX, X (formerly Twitter), Neuralink, and The Boring Company. As Tesla faces major technological and regulatory milestones, especially with its Full Self-Driving (FSD) program, Musk’s attention is more critical than ever.
The move may also represent a shift away from social media distractions that have often pulled Musk into controversial territory. While many admire his candidness, others have warned that his online presence risks overshadowing Tesla’s mission and achievements.
Musk’s refocus on Tesla could not come at a more pivotal time. As the company prepares to expand its manufacturing footprint in North America and bring its long-awaited next-generation vehicles to market, clear and consistent leadership will be necessary.
For many conservative-leaning industry analysts, the shift is a positive sign. Rather than chasing the ephemeral trends of digital currency, Musk is now doubling down on real manufacturing, real energy solutions, and real American jobs.
Tesla stock showed signs of modest optimism following the reports, suggesting the market views Musk’s strategic return to fundamentals as a stabilizing force. Whether this will translate into long-term growth remains to be seen, but for now, shareholders appear reassured.
While some cryptocurrency enthusiasts expressed disappointment online, the broader business community welcomed the clarity. Musk’s renewed commitment to Tesla reinforces what many consider his primary contribution: transforming American transportation and energy at scale.
