Overview
- Musk formally ended his 130-day stint leading the Department of Government Efficiency on May 30 under the limits of his special government employee status.
- He signaled he will remain a part-time adviser to President Trump despite clashing over the administration’s $3.8 trillion ‘Big Beautiful Bill.’
- DOGE’s claim of $175 billion in savings has been challenged by New York Times and other audits for counting unfinalized or duplicated contracts.
- The agency’s aggressive cost cuts, including buyouts and layoffs affecting roughly 250,000 federal employees, triggered lawsuits and public protest.
- Wedbush Securities analysts said Musk’s exit could benefit Tesla by letting him refocus on the automaker after shares tumbled during his government tenure.