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🚨 BREAKING: Elon Musk Steps Down from DOGE Role 🚨
On April 30, 2025, Elon Musk officially announced he is stepping down from his leadership role in the Department of Government Efficiency (DOGE). He joined the program just three months ago under President Trump's cost-cutting initiative.
🧠 Why This Matters:
Focusing on His Companies:
Musk is shifting his attention back to Tesla and SpaceX. His involvement in DOGE raised concerns about conflicts of interest and being stretched too thin.
How the Market Reacted:
Tesla (TSLA): Investors welcomed the news. Tesla has had a rough quarter, with net income down 71% and shares falling 30%. Musk’s full return brings hope for a turnaround.
Dogecoin (DOGE): The cryptocurrency rose slightly, trading at $0.1802 (+1.68%) on May 2, 2025.
🧩 What’s Next:
DOGE Program:
Musk says DOGE is "a way of life" and will continue without him in charge. He will still help as an advisor, offering support 1–2 days per week.
Tesla’s Future:
With Musk back full-time, Tesla will focus on fixing recent problems and winning back investor trust. Upcoming plans and innovations will be closely watched.
📊 In Short:
Elon Musk has left his leadership role in DOGE to focus more on Tesla and SpaceX. While he steps back, he’ll still advise the DOGE team. Markets responded positively, with a slight boost in Dogecoin and renewed hope for Tesla.