Elon Musk generously and actively supported Donald Trump's presidential campaign. After choosing this candidate, the billionaire received a peculiar position in the Trump administration. He was expected to cut costs as an overseer of the Government Efficiency Department (DOGE).
However, political activity has affected Elon Musk's business very badly. He besides announced from the beginning that this was a temporary position. This mission has just come to an end: Elon Musk is leaving president Donald Trump's administration.
Billionaire reported it on his X platform. He thanked president Trump for his ability to act for the fresh administration, while stressing that "the allocated time as a peculiar government worker is coming to an end".
The AP Agency points out that the decision to retreat from politics was announced by Elon Musk the day after he criticised the draft bill proposed by the administration and supported by the home of Representatives of the U.S. legislature to reduce public spending in an interview with CBS.
It is besides worth noting that Muska's efficiency in administration was highly dubious. Created by him and for him, DOGE was to save the country $2 trillion of unnecessary expenses. It ended with 150-200 billion, and this amount is questionable.
At the same time, Muska's companies were weak. Suffice it to say that Tesla sold 20% little cars in early 2025, its course went by 30% and profits by 70% (compared to the same period in 2024).
Musk is 1 of the richest people in the world; he owns, among others, Tesla, SpaceX, X (formerly Twitter) and The Boring Company.
