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Elon Musk has announced his departure from the Department of Government Efficiency (DOGE), a role he held as a Special Government Employee. Musk expressed gratitude to President Donald Trump for the opportunity to contribute to reducing government expenditure.
While Musk indicated that his tenure was always intended to be temporary, the exact duration was never specified. His exit coincides with recent criticisms of the president's tax bill, which Musk argued could undermine DOGE's objectives.
Initially, DOGE aimed to cut government spending by $2 trillion, but this target was later adjusted to $150 billion. The initiative led to significant layoffs and the dissolution of several agencies, including USAID.
Musk's decision comes at a time when his companies face various challenges. Tesla reported a 71% drop in profits in Q1 2025, and the social media platform X has seen a decline in user engagement and advertising revenue. Additionally, SpaceX experienced its third consecutive Starship test flight failure.
In a recent interview, Musk acknowledged dedicating excessive time to political endeavors and expressed a desire to refocus on his business ventures.