Elon Musk is set to leave his government role in the coming months, with his tenure as a special government employee expected to end by May 30. President Trump praised Musk’s contributions, confirming his eventual return to the private sector amid ongoing federal downsizing efforts.
Donald Trump has informed his cabinet that Elon Musk will step down from his government role in the coming months.
White House official told NBC News that the president discussed Musk’s transition back to the private sector during a cabinet meeting on March 24, where he praised Musk as a "patriot" and noted that "he has never asked me for a thing."
The White House previously stated that the Department of Government Efficiency (DOGE), a temporary agency, would be dissolved on July 4 next year.
On Monday, Trump confirmed Musk would eventually return to his businesses, with his 130-day tenure as a special government employee set to end on May 30—though his exact departure date remains unclear.
Musk recently revealed that some DOGE team members receive daily death threats amid backlash over his aggressive downsizing of the federal government, which has resulted in the dismantling of agencies and the loss of tens of thousands of federal jobs.
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Tesla shares fell sharply after Elon Musk announced a new political party, intensifying his feud with Donald Trump over a controversial spending bill passed by Congress.
U.S. Treasury Secretary Scott Bessent has urged Elon Musk to steer clear of politics and prioritise his companies, after the Tesla CEO announced the formation of a new political party in defiance of President Donald Trump.
Investment firm Azoria Partners announced it would delay the launch of its Tesla ETF following Elon Musk's declaration of forming a new U.S. political party.
Posting on X on Saturday evening, Musk wrote: “By a factor of 2 to 1, you want a new political party and you shall have it! Today, the America Party is formed to give you back your freedom.”
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
North Korea has stopped foreign tourists from visiting its new Wonsan-Kalma resort just weeks after it welcomed the first Russian visitors.
U.S. President Donald Trump says Coca-Cola has agreed to use real cane sugar in the U.S., though the company has not confirmed the claim.
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-border strikes this week heightened tensions.
The Trump administration has completed a controversial prisoner swap with Venezuela, returning around 250 deported Venezuelans in exchange for 10 American detainees.
Congo and the M23 rebel group have agreed on a declaration of principles after months of Qatar-mediated talks, aiming to end fighting in the country’s east.
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