#ElonMuskDOGEDeparture
Elon Musk has officially stepped down from his role leading the Department of Government Efficiency (DOGE), a cost-cutting initiative established by the Trump administration. His departure, effective in late May 2025, was influenced by his 130-day service limit as a special government employee and his desire to refocus on his business ventures .
The Economic Times
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Time
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Wikipedia
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The Economic Times
During his brief tenure, Musk spearheaded significant federal budget reductions, including over $175 billion in spending cuts and the elimination of more than 200,000 federal jobs. These actions, while aiming to streamline government operations, have led to ongoing legal challenges and public criticism .
Time
Axios
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Time
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Following his resignation, Musk is returning to focus on his companies—Tesla, SpaceX, xAI, Neuralink, and The Boring Company. Investor confidence has rebounded, with Tesla's market value surpassing $1 trillion, and SpaceX continuing its satellite launches and partnerships with U.S. defense agencies .
WSJ
Despite his departure from DOGE, Musk remains a prominent figure in the cryptocurrency space. Tesla continues to accept Dogecoin (DOGE) for merchandise purchases, and Musk has expressed ongoing support for the cryptocurrency .
CoinDesk
As of now, Dogecoin's market price is approximately $0.2054 USD.
