Tesla shares surged after Elon Musk announced plans to reduce his involvement in the Trump administration's Department of Government Efficiency (DOGE), a cost-cutting initiative he helped launch following his $300M campaign support.

🔍 Key Developments:

  • Musk's Exit Timeline: His "special government employee" status expires in May, limiting future influence.

  • Tesla's Rough Quarter: Earnings revealed a 71% profit drop—yet stocks rallied on news of his refocus.

  • DOGE's Chaotic Legacy: Claims of $160B in savings clash with reports of agency turmoil, including:

    • SEC/FAA oversight cuts (benefiting Musk’s companies)

    • Education Dept. scandals (white noise devices to block staff)

💼 Market Reaction:

📈 Tesla up 5%+ as investors bet on Musk’s return to CEO duties.
⚠️ Critics warn: His political ties (e.g., backing Germany’s AfD) still risk brand damage.

🗣️ Musk’s Statement:

“I’ll still advise if needed, but DOGE now runs itself.”

#ElonMusk #DOGE #USGovernment #WallStreetNews $BTC $XRP $BNB



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