đ„Elon Musk Exits White House Role, Asserts DOGE Mission Will Persist đ„
Elon Musk has officially stepped down from his position as a special government employee leading the Department of Government Efficiency (DOGE) under President Donald Trump. In a statement posted on his social media platform X, Musk expressed gratitude to President Trump and emphasized that the DOGE mission âwill only strengthen over time as it becomes a way of life throughout the governmentâ . ïżŒ ïżŒ
Muskâs 130-day tenure at DOGE was marked by ambitious cost-cutting goals, including reducing federal spending by up to $2 trillion. However, the agencyâs claimed savings of $175 billion have been met with skepticism due to previous exaggerations . His departure follows public criticism of a significant spending bill passed by House Republicans, which Musk argued undermined DOGEâs objectives . ïżŒ ïżŒ
During his time at DOGE, Muskâs actions included high-profile events, such as wielding a chainsaw on stage and promoting Tesla vehicles at the White House. Despite initial camaraderie with President Trump, Muskâs stint ended amid disagreements over fiscal policies and concerns from Tesla investors about his political involvement affecting the companyâs performance . ïżŒ
While Musk is stepping away from his formal role, he is expected to continue advising President Trump informally. The White House has announced that Trumpâs Cabinet secretaries and DOGE appointees will carry forward the agencyâs cost-cutting initiatives . ïżŒ ïżŒ
In the wake of Muskâs departure, Dogecoin (DOGE) is currently trading at $0.204848, reflecting a slight decrease of 0.09% from the previous close. The cryptocurrency reached an intraday high of $0.22594 and a low of $0.204491.
As Musk refocuses on his business ventures, including Tesla and SpaceX, the future of DOGEâs initiatives remains to be seen. However, his assertion that the mission will persist suggests that the ethos of government efficiency he championed may continue to influence federal operations. ïżŒ ïżŒ