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Elon Musk leaving role in the Trump administration

  • On May 29, 2025, Elon Musk confirmed he is concluding his tenure in a government role connected to efficiency efforts within a federal agency known as DOGE.
  • Musk's resignation came shortly after he sharply condemned a Republican tax-cutting bill, arguing that it worsens the federal budget shortfall and hampers DOGE’s efforts to reduce government waste.
  • During his tenure, Musk aimed to cut $1 trillion from the federal budget and announced anticipated savings of $150 billion for fiscal year 2026 by reducing waste and fraud.
  • Musk said DOGE became the ‘whipping boy’ for political backlash, and Tesla faced global protests and a 20% year-over-year revenue decline partly linked to his political involvement.
  • Musk's exit could improve market sentiment for Tesla as analysts view his focus shift back to the company as positive amid challenges in sales and competition.
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Trump Praises Musk for Comprehensive Reforms and Cuts

Tech billionaire Elon Musk withdraws from Washington. Trump sends him on the way with much praise. Musk's cost-cutting body is also to be continued.

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The Daily Caller broke the news in Washington, United States on Wednesday, May 28, 2025.
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