Elon Musk says he is committed to still being Tesla chief in five years’ time

Elon Musk has seen Tesla’s stock price affected by his work with Donald Trump’s administration. Picture: Alex Brandon/AP

Billionaire Elon Musk has said he is committed to being chief executive of Tesla in five years’ time as the carmaker faced intense consumer and stock price pressure over his work with US President Donald Trump’s government.

He also said he will cut back on political spending after heavily backing Mr Trump in 2024.