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Elon Musk leaving role in the Trump administration

  • On May 29, 2025, Elon Musk, CEO of Tesla and the world's wealthiest individual, announced that he would be concluding his tenure as a government-affiliated advisor involved with the U.S. Agency responsible for reducing federal expenditures known as DOGE.
  • His departure came after he publicly criticized President Trump's tax legislation, describing it as a large spending measure that worsens the budget deficit and hampers DOGE's efforts to reduce government expenses.
  • Musk expressed frustration that his political role triggered backlash against Tesla, including protests and a sharp drop in Tesla's sales across Europe, contributing to a broader financial decline for the company.
  • He expressed frustration that Doge was being blamed for a wide range of issues and highlighted the challenges of reforming the federal bureaucracy, citing outdated and inefficient government computer systems as a significant example.
  • Musk’s exit could improve Tesla’s market sentiment by allowing him to focus on the company amid challenges, while DOGE’s mission to cut wasteful spending is expected to continue despite his departure.
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The Daily Caller broke the news in Washington, United States on Wednesday, May 28, 2025.
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