Overview

• President Trump has informed his inner circle that Elon Musk will step back from leading the Department of Government Efficiency (DOGE) in the coming weeks.
• Musk's exit is expected to coincide with the expiration of his 130-day special government employee status in late May or early June.
• Despite praising Musk's contributions, Trump and administration officials have acknowledged his return to focus on his businesses, including Tesla and SpaceX.
• Musk's tenure at DOGE has been marked by controversial cost-cutting measures, political backlash, and criticism of his involvement in the Wisconsin Supreme Court election, where his supported candidate lost.
• Tesla's stock has risen following reports of Musk's potential departure, reflecting investor relief over his anticipated shift back to business leadership.