Elon Musk, Dogecoin & White House Exit
- Elon musk, the billionaire businessman, is concluding his tenure with President Donald Trump's cost-cutting task force, the Department of government Efficiency (Doge).
- Musk, designated a "special government employee," was allotted 130 days annually for government work.
- Musk's exit marks the end of a period where he served as a close advisor to Trump.
Elon musk is out, and his White House role is over. The billionaire tech mogul is concluding his tenure with the Department of Goverment Efficiency, following criticism of a recent spending bill championed by President trump. Tesla profits have slumped amid shifting political winds, potentially signaling a bumpy road ahead. Musk’s departure arrives as he shifts his attention back to Tesla, leaving the future of the cost-cutting task force in question. Discover how this move could impact both Dogecoin prices and his wider business interests, exclusively at News Directory 3. What will this mean for Tesla’s growth?
Elon Musk Ends Role in Government Efficiency Task Force
Updated May 29, 2025
Elon musk, the billionaire businessman, is concluding his tenure with President Donald Trump’s cost-cutting task
force, the Department of government Efficiency (Doge). musk’s departure follows his public criticism of Trump’s
“big, gorgeous” bill, a legislative package featuring multi-trillion dollar tax breaks and increased defence
spending.
Musk, designated a ”special government employee,” was allotted 130 days annually for government work. He
thanked Trump in a post on X, expressing optimism that the cost-cutting measures would become standard practice.
A White House official confirmed too Semafor that Musk’s “offboarding” began Wednesday night.
Musk’s exit marks the end of a period where he served as a close advisor to Trump. Though, this period also
coincided with declining profits at Tesla. The electric car firm cautioned investors that “changing political
sentiment” could negatively impact demand, and declined to provide a growth forecast.
In an interview with CBS, Musk voiced his “disappointment” that the bill would increase the federal deficit,
arguing it “undermines the work” of Doge. He told investors last month that he would dedicate more time to Tesla
moving forward.
“As my scheduled time as a Special government Employee comes to an end, I would like to thank President
@realDonaldTrump for the chance to reduce wasteful spending,” Musk wrote on X.
What’s next
Musk is expected to focus more on his role at Tesla, particularly as the company navigates a challenging
economic and political landscape. The future of the Department of Government Efficiency remains uncertain after
Musk’s departure.