Overview

• Multiple reports suggest Elon Musk will leave his advisory role with the Trump administration in the coming weeks, though the White House has dismissed these claims as 'nonsense.'
• Musk's role as a 'special government employee' is officially limited to 130 days per year, with his term expected to end by late May or early June.
• The decision for Musk to step down is reportedly mutual between him and President Trump, allowing Musk to refocus on his companies, including Tesla, which is facing declining sales.
• Musk's controversial cost-cutting measures at the Department of Government Efficiency, including mass layoffs and agency closures, have drawn significant public and legal scrutiny.
• Tesla's stock rebounded following the reports of Musk's potential departure, after previously struggling due to poor sales and backlash over Musk's political involvement.