Elon Musk announced his departure from his role as head of the Department of Government Efficiency (DOGE) in the Trump administration, a position he held for 130 days as a special government employee. Musk, CEO of Tesla and SpaceX, had been tasked with cutting wasteful spending but faced challenges in achieving the projected $2 trillion in savings. He expressed gratitude to President Trump for the opportunity and stated he would now dedicate his efforts to Tesla, focusing on critical technologies and the company’s bruised brand. Musk’s exit followed a tumultuous period that included Tesla’s stock surging after his renewed commitment to the company during a recent earnings call. Additionally, Tesla shareholders, including New York City pension funds, urged the board to ensure Musk commits at least 40 hours a week to the carmaker, reflecting a push for stronger oversight.
34news.online
34news.online
