Musk said during a discussion at the Qatar Economic Forum on Tuesday that he made his decision because he feels “I’ve done enough” but left the door open to future spending.

Elon Musk said Tuesday he’s committed to being CEO of Tesla in five years’ time as the automaker faced intense consumer and stock-price pressure over his work with President Donald Trump’s government...

Shares in Tesla Inc. recently traded nearly 2% higher, even as the benchmark S&P 500 index SPX -0.40% dipped, as Chief Executive Elon Musk said he planned to cut back on his political spending and dec...