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Elon Musk Exits DOGE and Trump’s Cabinet — What It Means for Tesla, Crypto, and the Markets
On Wednesday, Elon Musk officially signaled the end of his brief but headline-grabbing federal stint. After just over three chaotic months, Musk is stepping away from both the Department of Government Efficiency (DOGE) and Donald Trump’s $TRUMP Cabinet. As someone closely tracking the intersection of innovation, policy, and finance, I see this as a defining shift in Musk’s recent priorities—and a potential signal for the markets.
Elon made the announcement in classic Musk style—face-to-face at the White House during a Cabinet meeting on April 30. He confirmed that, starting in May, his focus would pivot almost entirely back to Tesla. “It’s been an honor to work with your incredible Cabinet,” he told Trump $TRUMP and other officials. “Thank you to everyone, it was an honor.”
He also praised the Trump $TRUMP administration’s first 100 days as “record-breaking,” suggesting it’s been more productive than any in U.S. history—a very Musk-like exaggeration, but on-brand nonetheless.
This decision wasn’t completely unexpected. On Tesla’s earnings call last week, Elon had already hinted at scaling back his involvement with DOGE. He said he’d only commit “a day or two per week” to federal matters moving forward. That was our first real sign that his time in Washington was coming to a close.
DOGE Delivers… But Falls Short
Musk reported that DOGE had saved the government $160 billion—an impressive figure, but well below the $2 trillion he originally promised. At the Cabinet meeting, Trump mentioned $150 billion in savings, but Elon quickly corrected him: “$160 billion, but who’s counting?”
This wasn’t the first time Elon had walked back expectations. Earlier this year, he admitted that hitting the $2 trillion target was more of a best-case scenario. “If we try for $2 trillion, we’ve got a good shot at getting 1,” he said in an interview.
Unfortunately, some data painted a less rosy picture. The New York Times reported that DOGE-related disruptions—like layoffs, rehiring delays, and lost productivity—could cost the government $135 billion this year alone. Meanwhile, the New York Post confirmed that Elon had already exited the West Wing, though his team was still working nearby at the Eisenhower Executive Office Building.
A Bittersweet Farewell
Despite the mixed results, Trump publicly thanked Elon during the Cabinet meeting. “You really have sacrificed a lot,” he said. “You’ve been treated very unfairly.” Elon didn’t miss a beat, joking, “Well, they like to burn my cars, which is not great”—a reference to recent Tesla-related vandalism linked to his DOGE involvement.
Trump went on to praise Elon further, saying, “You’re invited to stay as long as you want.” The room erupted in applause, showing just how much sway Musk still holds—even in political circles.
Back to Tesla—and What’s Next
During the earnings call, Elon made it clear: DOGE is no longer his top priority. “I’ll continue for as long as the president would like me to do so, and as long as it’s useful,” he said. But he also added that the heavy lifting was done. “Starting next month, I’ll be allocating far more of my time to Tesla.”
A printed DOGE report was handed to Trump during the Cabinet session—a quiet but symbolic conclusion to Musk’s foray into government reform. With that, one of the strangest chapters in Musk’s career comes to an end.
Now, it’s back to what he does best: building cars, steering Tesla, and—perhaps—driving the next big shift in the crypto world.
As someone writing this from the heart of the crypto space, I’m watching closely. Whether or not DOGE the department lived up to the hype, one thing is certain: Elon Musk never leaves without making an impact.
Elon made the announcement in classic Musk style—face-to-face at the White House during a Cabinet meeting on April 30. He confirmed that, starting in May, his focus would pivot almost entirely back to Tesla. “It’s been an honor to work with your incredible Cabinet,” he told Trump $TRUMP and other officials. “Thank you to everyone, it was an honor.”
He also praised the Trump $TRUMP administration’s first 100 days as “record-breaking,” suggesting it’s been more productive than any in U.S. history—a very Musk-like exaggeration, but on-brand nonetheless.
This decision wasn’t completely unexpected. On Tesla’s earnings call last week, Elon had already hinted at scaling back his involvement with DOGE. He said he’d only commit “a day or two per week” to federal matters moving forward. That was our first real sign that his time in Washington was coming to a close.
DOGE Delivers… But Falls Short
Musk reported that DOGE had saved the government $160 billion—an impressive figure, but well below the $2 trillion he originally promised. At the Cabinet meeting, Trump mentioned $150 billion in savings, but Elon quickly corrected him: “$160 billion, but who’s counting?”
This wasn’t the first time Elon had walked back expectations. Earlier this year, he admitted that hitting the $2 trillion target was more of a best-case scenario. “If we try for $2 trillion, we’ve got a good shot at getting 1,” he said in an interview.
Unfortunately, some data painted a less rosy picture. The New York Times reported that DOGE-related disruptions—like layoffs, rehiring delays, and lost productivity—could cost the government $135 billion this year alone. Meanwhile, the New York Post confirmed that Elon had already exited the West Wing, though his team was still working nearby at the Eisenhower Executive Office Building.
A Bittersweet Farewell
Despite the mixed results, Trump publicly thanked Elon during the Cabinet meeting. “You really have sacrificed a lot,” he said. “You’ve been treated very unfairly.” Elon didn’t miss a beat, joking, “Well, they like to burn my cars, which is not great”—a reference to recent Tesla-related vandalism linked to his DOGE involvement.
Trump went on to praise Elon further, saying, “You’re invited to stay as long as you want.” The room erupted in applause, showing just how much sway Musk still holds—even in political circles.
Back to Tesla—and What’s Next
During the earnings call, Elon made it clear: DOGE is no longer his top priority. “I’ll continue for as long as the president would like me to do so, and as long as it’s useful,” he said. But he also added that the heavy lifting was done. “Starting next month, I’ll be allocating far more of my time to Tesla.”
A printed DOGE report was handed to Trump during the Cabinet session—a quiet but symbolic conclusion to Musk’s foray into government reform. With that, one of the strangest chapters in Musk’s career comes to an end.
Now, it’s back to what he does best: building cars, steering Tesla, and—perhaps—driving the next big shift in the crypto world.
As someone writing this from the heart of the crypto space, I’m watching closely. Whether or not DOGE the department lived up to the hype, one thing is certain: Elon Musk never leaves without making an impact.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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