Elon Musk announced his departure from the Trump administration on Wednesday, ending his controversial tenure as head of the Department of Government Efficiency (DOGE). In a post on social media, Musk stated, “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending.” He added that the DOGE mission “will only strengthen over time as it becomes a way of life throughout the government.”
The move follows Musk’s sharp criticism of a White House-backed tax cut bill, which he argued undercuts DOGE’s federal spending reduction goals. In a CBS interview earlier this week, Musk said the bill contradicted the cost-saving efforts he was leading. The tax legislation, which passed the House and is under Senate review, has been championed by Trump as a “big beautiful bill.”
Musk’s exit was confirmed by a White House official, according to the Associated Press. His involvement in the administration had stirred significant backlash, with critics targeting Tesla and other Musk-led ventures. Tesla, in particular, has faced global boycotts and facility disruptions due to Musk’s political ties.
Despite DOGE’s ambitious plan to eliminate trillions in government waste, the agency fell short of expectations. Musk also faced legal challenges over his proposed cuts to federal jobs and funding, with multiple lawsuits questioning his authority.
During Tesla’s recent earnings call, Musk hinted at stepping back from government duties to refocus on his businesses. Following his announcement, Tesla Inc. (NASDAQ: TSLA) shares rose 2.7% in aftermarket trading, signaling investor approval of his renewed focus on the company.


Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge
China Expands Nuclear Defense Network in Remote Desert
MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements
DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding
US Southern Command Chief Holds Rare Military Meeting With Cuban Officials at Guantanamo Bay
Trump Signs Executive Order to Expand Access to Federal Lands in the U.S.
HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure
Brazil Struggles to Stop Illegal Amazon Gold Mining as Gold Prices Surge
Costco Q3 Fiscal 2026 Earnings Beat Expectations as Sales and E-Commerce Surge
US Quantum Stocks Surge After $2 Billion Government Investment
Flavio Bolsonaro Meets Trump, JD Vance, and Marco Rubio Amid Brazil Political Crisis
JPMorgan Sees Biotech Sector at Turning Point, Upgrades Top Pharma Stocks 



