Elon Musk announces his departure from DOGE and president Trump’s cabinet
The post Elon Musk announces his departure from DOGE and president Trump’s cabinet appeared on BitcoinEthereumNews.com. Elon Musk on Wednesday sort of confirmed that he’s cutting his ties with both the Department of Government Efficiency and Donald Trump’s Cabinet, ending a chaotic federal side quest that lasted just over three months. The eccentric but highly-respected billionaire, who has juggled his role at Tesla with his federal gig since January, told Trump and his administration face-to-face at the White House that his focus will change almost entirely back to Tesla starting in May. The announcement landed in the middle of a Cabinet meeting on April 30. “It’s been an honor to work with your incredible Cabinet,” Elon said directly to Trump during the gathering. “I would just like to say thank you to everyone, it was an honor to work with you, so thank you for everything.” Elon then praised the administration’s first 100 days as record-breaking, saying: “A tremendous amount has been accomplished in the first 100 days. As everyone has said, it’s more than has been accomplished in any administration before. Ever. So this portends very well for what happens, for the rest of the administration.” The decision didn’t come as a complete surprise. On Tesla’s earnings call last week, Elon warned investors that his time spent on the DOGE assignment would drop sharply in May. He said he planned to dedicate only “a day or two per week” to the federal work moving forward, now that the setup phase was over. Elon pulls back after underwhelming savings and rising costs Elon told Trump and the rest of the Cabinet that the DOGE initiative had saved the federal government $160 billion so far. That’s a long shot from the $2 trillion he originally pitched when he joined the administration. Trump, during the same meeting, said the savings stood at $150 billion before Elon jumped in…
The post Elon Musk announces his departure from DOGE and president Trump’s cabinet appeared on BitcoinEthereumNews.com.
Elon Musk on Wednesday sort of confirmed that he’s cutting his ties with both the Department of Government Efficiency and Donald Trump’s Cabinet, ending a chaotic federal side quest that lasted just over three months. The eccentric but highly-respected billionaire, who has juggled his role at Tesla with his federal gig since January, told Trump and his administration face-to-face at the White House that his focus will change almost entirely back to Tesla starting in May. The announcement landed in the middle of a Cabinet meeting on April 30. “It’s been an honor to work with your incredible Cabinet,” Elon said directly to Trump during the gathering. “I would just like to say thank you to everyone, it was an honor to work with you, so thank you for everything.” Elon then praised the administration’s first 100 days as record-breaking, saying: “A tremendous amount has been accomplished in the first 100 days. As everyone has said, it’s more than has been accomplished in any administration before. Ever. So this portends very well for what happens, for the rest of the administration.” The decision didn’t come as a complete surprise. On Tesla’s earnings call last week, Elon warned investors that his time spent on the DOGE assignment would drop sharply in May. He said he planned to dedicate only “a day or two per week” to the federal work moving forward, now that the setup phase was over. Elon pulls back after underwhelming savings and rising costs Elon told Trump and the rest of the Cabinet that the DOGE initiative had saved the federal government $160 billion so far. That’s a long shot from the $2 trillion he originally pitched when he joined the administration. Trump, during the same meeting, said the savings stood at $150 billion before Elon jumped in…
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