Musk Departs U.S. Government With Business Empire in Flux

By Gregory Korte, Jennifer A. Dlouhy and Dana Hull

trump musk tesla 1200x810

Billionaire Elon Musk said Wednesday that his time as formal adviser to United States President Donald Trump is coming to a close, raising questions about the future of the Department of Government Efficiency effort he spearheaded.


Get the Latest US Focused Energy News Delivered to You! It’s FREE:


“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,” Musk posted on X, his social media platform. “The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”

By law, Musk’s status as a temporary government official was set to run out as soon as May 30, although the exact date was subject to an accounting of his actual days worked. A White House official familiar with the move, speaking on condition of anonymity to discuss a personnel matter, said Musk began the off-boarding process Wednesday night and cast the departure as a decision the technology entrepreneur made on his own with the support of the president.

The move comes shortly after Musk gave an interview critical of Trump’s biggest legislative priority — the tax cut proposal known as the “One Big Beautiful Bill” — as not doing enough to reduce federal deficits.

Tesla Inc. on Wednesday night also railed against “abruptly ending” the U.S.’s energy tax credits, which the EV maker has benefited from over the last few years. Many congressional Republicans have pushed for the rollback of certain clean energy and solar tax credits as a way to minimize the impacts of the tax and spending bill.

Musk’s campaign to slash the size of the U.S. government sent shockwaves through Washington, with some agencies eliminated outright and tens of thousands of federal workers purged or convinced to accept buyouts, but the initiative fell short of its own high expectations for cost savings.

Trump originally gave the effort a sunset date of July 4, 2026, allowing DOGE nearly 18 months to find what Musk originally promised would be US$2 trillion in savings. Musk later downgraded that ambition to US$1 trillion — and then even further to US$150 billion.

Musk, 53, has joked that his White House title was “chief nothing officer” and maintained he was not essential to the mission. But he quickly became a lightning rod for critics of the venture who focused on the optics of the world’s richest man working to help dismantle the government’s workforce and functions.

Trump and Musk have previously declined to lay out a succession plan for DOGE. The project was Musk’s brainchild — even down to the acronym that paid homage to an internet-famous dog meme that’s long been an object of his obsession.

“DOGE is a way of life, like Buddhism,” he joked during one briefing, suggesting that the effort would proceed even after his exit. “Buddha isn’t alive anymore. You wouldn’t ask the question: ‘Who would lead Buddhism?’”

The three top lieutenants he brought to that interview — Steve Davis, Antonio Gracias and Anthony Armstrong — have taken up key DOGE outposts at the General Services Administration, Social Security Administration and the Office of Personnel Management. Those agencies have been among the most active in implementing DOGE’s anti-fraud, cost-cutting mission.

DOGE’s work has drawn lawsuits over its authority and access to government data and some claims about cost savings have been inaccurate, sparking questions about accountability at the endeavor. Musk has also faced questions regarding conflicts of interest for a tech entrepreneur whose varied business interests already make him a major player in federal contracts.

The backlash against Musk over his high-profile political work sparked concerns among investors over the fallout for his companies, most prominently Tesla. Vehicle sales fell to a nearly three-year low in the first quarter of the year and the stock price plummeted, leading many Wall Street analysts to slash growth expectations.

Tesla cars, showrooms and charger stations endured protests and acts of vandalism, with the Cybertruck being a particular target for critics of Musk. Trump and allies have rallied around the chief executive, including an event on the White House grounds where the president viewed different Tesla models before settling on buying a a red Model S, in many ways an unprecedented spectacle.

Musk has openly acknowledged the challenges of managing his businesses — Tesla, SpaceX, XAI Holdings, Neuralink and The Boring Co. — along with his work in Washington.

The Tesla chief executive told investors in April that he would soon devote “far more” of his time to the automaker, sending shares in the company higher. Earlier this month, the billionaire told Bloomberg News in an interview that he now planned to pull back on political spending because “I think I’ve done enough.”

With assistance from Mark Chediak

Share This:


More News Articles

 

  • Related Posts

    Vance Says He Hopes to Release Text of Agreement to Halt War in Iran This Week

    U.S. Vice President JD Vance said on Monday that he hopes text of an agreement to halt the war in Iran and open the Strait of Hormuz will be released…

    Fragile Iran Deal Offers Oil Relief, but Hormuz Risks Remain: Bousso

    The U.S.-Iran deal ending months of fighting and reopening the Strait of Hormuz will prompt a collective sigh of relief from energy exporters and importers alike. But the fragile calm…

    Have You Seen?

    Vance Says He Hopes to Release Text of Agreement to Halt War in Iran This Week

    • June 15, 2026
    Vance Says He Hopes to Release Text of Agreement to Halt War in Iran This Week

    Russian sanctions drive China’s expanding role in helium trade

    • June 15, 2026
    Russian sanctions drive China’s expanding role in helium trade

    LNG Tanker Heads for Hormuz Amid News of Reopening

    • June 15, 2026
    LNG Tanker Heads for Hormuz Amid News of Reopening

    Australian Regulator Clears LNG Strike

    • June 15, 2026
    Australian Regulator Clears LNG Strike

    Japanese Shipping Companies Hold Back Despite Hormuz Deal

    • June 15, 2026
    Japanese Shipping Companies Hold Back Despite Hormuz Deal

    India’s Solar Capacity Set for 22% Annual Growth Through 2035

    • June 15, 2026
    India’s Solar Capacity Set for 22% Annual Growth Through 2035

    China’s Return to the Oil Market Could Boost Inflation

    • June 15, 2026
    China’s Return to the Oil Market Could Boost Inflation

    90% of Global Businesses Expect to Electrify Operations by 2035

    • June 15, 2026
    90% of Global Businesses Expect to Electrify Operations by 2035

    Circularity Fuels completes end-to-end conversion of biogas into SAF

    • June 15, 2026
    Circularity Fuels completes end-to-end conversion of biogas into SAF

    Google-backed Arizona project to deploy 19MW CO2 battery

    • June 15, 2026
    Google-backed Arizona project to deploy 19MW CO2 battery