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#Trump100Days Elon Musk Steps Back from Government Role to Refocus on Tesla On April 30, 2025, Elon Musk announced his departure from the U.S. Department of Government Efficiency (DOGE) and President Trump's Cabinet, signaling a return to his primary focus on Tesla and other ventures. A Strategic Shift Back to Business Musk's decision follows a challenging period for Tesla, with a reported 20% drop in revenue and a 71% decline in net income during the first quarter of 2025. In an earnings call, Musk stated his intention to allocate more time to Tesla, reducing his government involvement to "a day or two per week" starting in May . DOGE's Mixed Outcomes Initially, DOGE aimed to cut $2 trillion in federal spending. However, the initiative has reportedly saved approximately $160 billion, while incurring costs estimated at $135 billion due to layoffs, rehiring, and legal disputes . Critics argue that these measures may have led to increased government expenses rather than savings . Reactions and Future Involvement During a Cabinet meeting, President Trump acknowledged Musk's contributions, suggesting a possible decline in his influence within the administration . Musk expressed gratitude for the experience and indicated he would continue to support DOGE in a limited capacity. Looking Ahead As Musk refocuses on Tesla and other ventures, the tech and business communities are watching closely. His departure from a prominent government role may signal a renewed emphasis on innovation and private sector initiatives. #Write2Earn #orocryptotrends
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$BTC 🚀 Bitcoin edging closer and closer to a breakout from the ascending triangle 🫡 @OroCryptoTrends #Write2Earn #BinanceAlphaAlert
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