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Elon Musk leaving role in the Trump administration

  • Elon Musk concluded his tenure as a specially appointed federal adviser with the U.S. Agency focused on reducing government spending on May 29, 2025.
  • He resigned shortly after publicly condemning President Trump's tax legislation, describing it as a costly measure that adds to the national debt and counteracts DOGE's efforts to reduce government spending.
  • Musk led efforts that cut thousands of federal jobs and departments, but his political ties caused protests and hurt Tesla's reputation amid declining sales worldwide.
  • He projected $150 billion in federal savings for FY26 by cutting waste and fraud, noting that Doge has unfairly become a frequent target of criticism amid strong opposition.
  • Musk's exit signals a possible refocus on Tesla amid financial challenges and may ease investor concerns about the company's political controversies.
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The Daily Caller broke the news in Washington, United States on Wednesday, May 28, 2025.
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