Elon Musk slams departure rumors, reassures his government role
Elon Musk has denied reports about his departure from the Department of Government Efficiency. "Yeah, fake news," he wrote on X, responding to speculation about his future.
What do you need to know?
- Elon Musk refuted reports of his departure from the Department of Government Efficiency (DOGE) that were published on the Politico website.
- Donald Trump reportedly announced that Musk would soon return to business, taking on only a supportive role with the government.
- The elections in Wisconsin and the defeat of the candidate supported by Musk may have influenced the speculation about his future in the government.
Will Elon Musk really depart from DOGE?
Elon Musk, head of the Department of Government Efficiency, strongly denied the reports by Politico that he would soon leave his position. "Yeah, fake news," Musk wrote on X, responding to speculation that President Donald Trump planned his departure. According to Politico, Trump was satisfied with Musk's work, but both allegedly agreed that Musk would return to business.
What are the consequences of the elections in Wisconsin?
The "Financial Times" suggests that Musk's position might have been at risk after the defeat of the candidate he supported in the elections for the state Supreme Court judge in Wisconsin. Musk invested over $25 million in Brad Schimel's campaign, making it the most expensive election in U.S. history. Nevertheless, Musk is still set to serve as a special government employee for 130 days.
Previously, it was expected that Musk would lead DOGE until the summer of 2026. However, Musk himself suggested that his government work might end by the end of May. Meanwhile, Tesla's stocks rose following news of Musk's potential departure from DOGE.
