President Trump has reportedly informed his Cabinet and inner circle that Elon Musk will be stepping back from his role in the government.
Musk, who has been serving as an adviser and a “special government employee” in Trump’s administration, recently noted during a Fox News interview with Bret Baier that he anticipates completing the DOGE initiative aimed at reducing federal spending by $1 trillion within the legally allowed 130-day timeframe.
According to Politico, the founder of Tesla and SpaceX is preparing to move back into the business sector.
Originally set to conclude his tenure in May, Musk is leaving earlier than planned amid various controversies. Reports suggest that the decision for his early departure was mutual between Trump and Musk, who expressed satisfaction with Musk’s contributions to the Department of Government Efficiency.
Musk has attracted considerable controversy due to his aggressive approach to reducing the federal government’s size.
Additionally, Tesla’s stock has seen a significant decline, with sales down and reports of vehicles catching fire. In a recent political venture, Musk invested $20 million in Wisconsin’s Supreme Court race, only to see his Republican candidate lose.
