Elon Musk has finished his official role in the Trump administration. President Trump The latest truth social posts are all indications, and billionaires are not far away.
“Tomorrow, at 1:30pm on EST, Elon Musk is holding a press conference at Oval Office,” Trump posted Thursday. “This will be his last day, but it’s not because he’s always with us and will always help. Elon is amazing!”
Mask government services It will end on May 30th. This is a legal 130-day limit for his “special government employee” designation. He was appointed in January to lead the Office of Government Efficiency (DOGE), which was created by an executive order on his inauguration.
What will be next for Doge after Elon Musk’s departure? “Just starting”
Elon Musk listens when President Donald Trump meets Indian Prime Minister Narendra Modi in the White House oval office. (AP/Alex Brandon)
“As our scheduled time as a special government employee is coming to an end, I would like to thank President @RealdonaldTrump for the opportunity to reduce wasteful spending,” Musk posted Wednesday. “THe is @doge mission It will be strengthened over time as it will become a government-wide lifestyle. ”
White House Press Director Caroline Leavitt stressed on Thursday. “The Doge leaders are all members of the President’s Cabinet and the President himself and are sincerely committed to reducing waste, fraud and abuse from our government,” he emphasized.
And the cuts are supplemented.
According to the May 26th update Doge’s websitethe initiative saved $175 billion through asset sales, contract cancellations, fraud crackdowns and other spending cuts. This will save about $1,087 per taxpayer.
White House Senior Advisor Elon Musk walks to the White House after landing the Marines on the South Lawn with President Donald Trump in Washington, DC on March 9, 2025 (Samuel Column/Getty Images)
Doge’s reach is spread throughout the federal government, but not without pushbacks.
Congressional Democrats have been sharply criticising the role of masks. During a House oversight hearing in February, DN.M. Rep. Melanie Stansbury called his influence “reckless and illegal” and accused Trump of “governing a billionaire who doesn’t answer anyone.”
Rep. Jasmine Crockett of D-Texas warned that Musk is acting as an “unelected official” within the administrative department.
Despite criticism, the market is welcoming masks’ return to the private sector. Bloomberg reported Tesla’s shares rose 4.2% this week in news of his government exit.
President Donald Trump greets Elon Musk on November 19, 2024, upon WATCG to launch the 6th Test Flight of SpaceX Starship Rocket in Brownsville, Texas. (Brandon Bell/Getty Images)
On an investor call earlier this month, Musk reassured shareholders. “From June, I will allocate far away More time to Tesla And since the foundations of Doge are in place, SpaceX. ”
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The White House did not immediately respond to Fox News Digital’s request for comment.
Diana Stacy and Andrew Mark Miller of Fox News Digital contributed to this report.
