Elon Musk—a name that needs no introduction. In a surprising development, the Tesla and SpaceX CEO is set to step down from his role within the US federal government in the coming weeks. President Donald Trump has reportedly informed his cabinet members and close advisors about this decision.
According to a report by Politico on Wednesday (April 2), sources familiar with the matter revealed that Musk will return to focusing on his business ventures while maintaining an advisory role for the government. President Trump was pleased with Musk's contributions, but both agreed that it was time for him to step away from his official duties.
Musk, who took charge of the Department of Government Efficiency (DOGE), became a close ally of Trump. However, his unpredictable nature led to growing discontent among some members of the administration and his political allies. Over time, Republican politicians began to view the billionaire more as a political liability than an asset.
The exact date of Musk's resignation remains unclear, and neither the White House, the DOGE, nor Musk's representatives have commented on the matter.
Following the news, Tesla’s stock, along with shares of other government-affiliated companies, saw a significant rise, Reuters reported.
A senior Trump administration official stated that even after stepping down, Musk would likely continue as an informal advisor to the president and may occasionally visit the White House.
After Trump secured a second term in office, he appointed Musk to lead the newly established Department of Government Efficiency, which was tasked with cutting federal expenditures and workforce.
Since taking office in January, Trump has made several major decisions based on Musk's recommendations, including shutting down the US Agency for International Development (USAID) and retiring millions of government employees—moves that sparked considerable debate across the country.
