Only 4 months after his assumption at the head of the US Department of Dregulation, the CEO of Tesla will move away from government to focus on his private projects. However, Musk was close to Trump and said they will continue in contact.
Elon Musk was only 4 months at the head of the government efficiency department.
Northeastern
A few months after arriving at the US government by Donald Trump, the CEO of Tesla and Spacex, Elon Musk, left his role in front of the initiative of the Government Efficiency Department (Doge). Despite his departure, the South African magnate said he will continue near the Republican leader: “I hope to continue being a friend and an advisor, and I hope that,, If there is something that the president wants to do, he is at the service of the president“, held.
The future of the link between Musk and the Trump administration is again in the center of the debate, especially after his announcement that he will take a step to the side of public life in Washington. As leader of Doge, Musk promoted cuts in state spending and layoffs in the federal structure, which earned him criticisms of unions, democratic legislators and also from the consumer public, indirectly affecting his business. “This is not the end of Doge, but really the beginning,” sentenced.
Elon Musk moves away from the United States government to focus on Tesla
The double agenda of the businessman – between his companies and politics – generated concern in the markets. Wall Street analysts consider them underestimated The negative effects on the image of Tesla. In front of this scenario, Musk said that his retirement of government functions will be “significant”, and promised to focus on Tesla, especially before the imminent launch of the Robotaxis service.
Donald Trump and Elon Musk.jpg
X
On the financial level, Tesla’s actions managed to recover part of the lost terrain after the strong fall of the first quarter. However, so far this year, They accumulate a decrease of 11 %, which is equivalent to a loss of approximately US $ 45,000 million in Musk’s assets. For its part, Spacex also faces difficulties, after the recent failure In full flight of Starship rocketone of its key projects.
Elon Musk: one of Donald Trump’s great contributors
With 53 years, Musk It was the biggest contributor to the Trump re -election campaignwith a contribution that exceeded the U $ 2550 million. During his time in the government, he maintained the status of “Special employee“, which allowed him to conserve the driving of his companies while he had an office in the White House. US legislation. Limit these positions to a maximum of 130 days of work per year.
Elon Musk Donald Trump.jpg
On Friday, in a symbolic act to mark the end of its stage in the government, Trump praised his management, handed him a golden key and highlighted his role in the modernization of the state apparatus. “Elon does not leave,” said the former president. “It will be going and coming.”
During the event, Musk wore a black cap and shirt with the phrase “The Dogefather “. In addition, he caught a bruise on his face. When asked by the press, he explained: “I told him to punch my face, and he did” He added: “I did not feel much at that time, but I suppose that bruises left me,” in reference to his five -year -old son, X.
Source: Ambito
