Overview

• Elon Musk will soon step down as head of the Department of Government Efficiency (DOGE), according to White House confirmation.
• His departure is tied to the expiration of his 130-day special government employee status, which exempts him from certain conflict-of-interest rules.
• Musk and Donald Trump reportedly agreed in recent days that Musk would leave his role, as his work on reducing federal spending nears completion.
• Musk's tenure has been marked by aggressive budget cuts, dismantling of federal agencies, and widespread public and political backlash.
• Tesla's stock price rose 3.48% following news of Musk's impending exit, reflecting market optimism about his return to private sector focus.