Elon Musk has confirmed his departure from the Department of Government Efficiency (DOGE), a role he took on in addition to his responsibilities at Tesla. Here's what's happening ¹ ²:

- *Reason for Departure*: Musk's focus will shift back to Tesla, with his time spent on DOGE significantly decreasing. He'll dedicate only a day or two per week to the federal work moving forward.

- *DOGE's Performance*: The department has saved the federal government $160 billion so far, far short of the $2 trillion Musk initially pitched. Critics argue that DOGE's disruptions, including layoffs and re-hiring delays, may end up costing the government $135 billion this year alone.

- *Market Reaction*: Tesla shares rose over 5% in after-hours trading following the news, indicating investor enthusiasm for Musk's increased focus on the company.

- *Trump's Response*: President Trump thanked Musk for his help, acknowledging the challenges he faced during his tenure. Trump invited Musk to stay as long as he wants, and Cabinet secretaries applauded the announcement.

Musk's departure marks the end of a chaotic three-month stint in the federal government, where he juggled his role at Tesla with his duties at DOGE. With his priorities shifting back to Tesla, the electric car maker is likely to see increased attention from its CEO ³.