Overview

• Musk’s appointment as a Special Government Employee capped at 130 working days prompted his exit from the Department of Government Efficiency on May 30, 2025.
• During his tenure, DOGE reported saving between $160 billion and $175 billion by terminating contracts, selling assets and uncovering fraud, though those figures have faced scrutiny.
• He publicly rebuked President Trump’s multitrillion-dollar spending proposal—dubbed the “big beautiful bill”—arguing it undermined DOGE’s mission.
• Tesla shares jumped nearly 3 percent in after-hours trading on May 29 as investors bet on Musk’s return to full-time leadership at his companies.
• Musk confirmed plans to curb his political spending and said he expects the DOGE efficiency drive to continue under new administration leadership.