๐ฅ๐๐๐๐๐๐๐๐: ๐๐ฅ๐จ๐ง ๐๐ฎ๐ฌ๐ค ๐๐ฎ๐ข๐ญ๐ฌ ๐๐ซ๐ฎ๐ฆ๐ฉโ๐ฌ ๐๐๐๐ข๐ง๐๐ญ & ๐๐๐๐โ๐๐ก๐๐ญโ๐ฌ ๐๐๐ฑ๐ญ ๐๐จ๐ซ ๐๐๐ฌ๐ฅ๐ ๐๐ง๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จโ
As of April 30, Elon Musk has officially stepped down from his role in President Trumpโs $TRUMP
Cabinet and the Department of Government Efficiency (DOGE). After a whirlwind three months, the Tesla CEO is walking away from politics to refocus on his core passions: technology, electric vehicles, and cryptocurrency.
Why This Matters:
Signals a clear pivot in Muskโs priorities
$TRUMP stock fell 5.17% after the announcement
Tesla investors may interpret this as a bullish move
The Exit Moment: Musk made the announcement in person at a White House Cabinet meeting, calling the administrationโs first 100 days โrecord-breakingโโa classic Musk-style remark.
DOGEโs Turbulent Run:
Claimed government savings: $160B
Original goal: $2T
NYT reports up to $135B in economic disruption losses
Trump publicly thanked Musk: โYou really have sacrificed a lot.โ Musk quipped back, โWell, they like to burn my cars, which is not great,โ referencing Tesla vandalism linked to his political role.
What Sparked the Departure?
On a recent Tesla earnings call, Musk revealed heโd only planned to dedicate 1โ2 days per week to federal dutiesโa clear sign of limited commitment. Now itโs official: his focus is returning to innovation.
Whatโs Ahead:
Renewed focus on Tesla and tech
Potential new crypto moves
Possible downsizing of the DOGE department
The Bottom Line:
Muskโs brief Cabinet stint was chaotic, controversial, and unforgettable. Now, heโs back to doing what he does bestโdisrupting industries and chasing the future.
