The latest DOGE casualty: Elon Musk’s time.

The world’s richest person and Tesla CEO said his time spent at the Department of Government Efficiency will “drop significantly” as Tesla stock continues to slide.

During a Tesla earnings call on Tuesday, Musk said the time he devotes to cutting fraud and waste in the federal government will be slashed starting in May.

“I think I’ll continue to spend a day or two per week on government matters for as long as the president would like me to do so and as long as it is useful,” Musk said on the call, according to Yahoo! Finance.

Through DOGE, the billionaire has been one of the most visible political figures of the Trump administration.

But his role is deeply unpopular among the American people, according to a YouGov/Economist poll released Wednesday.

Just 39% of U.S. adult citizens have a favorable view of Elon Musk, the poll found, while 55% have an unfavorable view.

At the start of President Donald Trump’s second term, 44% were favorable toward Musk and 48% were unfavorable, the poll showed.

Meanwhile, Musk has lost more than $131 billion of his net worth since the beginning of the year, according to Bloomberg’s Billionaire Index. Much of his net worth is tied to Tesla stock.

However, the world’s richest man remains in the top spot with a net worth of $301 billion.

Amazon’s Jeff Bezos is second with a $195 billion net worth, followed by Mark Zuckerberg of Facebook at $175 billion.

Tesla struggled to sell vehicles as it faced angry protests over Musk’s leadership of DOGE, a jobs-cutting group that has divided the country. The Austin, Texas, company reported a 71% drop in profits and a 9% decline in revenue for the first quarter.

“Investors wanted to see him recommit to Tesla,” Wedbush Securities’ Dan Ives said of Musk cutting back the time he spends at DOGE. “This is a big step in the right direction.”

Investors sent Tesla shares up more than 5% in after-hours trading, although they are still down more than 40% for the year.

Tesla said Tuesday that quarterly profits fell from $1.39 billion to $409 million, or 12 cents a share. That’s far below analyst estimates. Tesla’s revenue fell from $21.3 billion to $19.3 billion in the January through March period, also below Wall Street’s forecast. Tesla’s gross margins, a measure of earnings for each dollar of revenue, fell from 17.4% to 16.3% .

Musk did not say Tesla’s stock performance contributed to why he is going to spend less time at DOGE.

The change is coming, according to Musk, “now that the major work of establishing Department of Government Efficiency is done.”

The Associated Press contributed to this report.