Elon musk news: US President Donald Trump has told his cabinet members and close associates that his billionaire partner Alan Musk will soon resign from the post of DOGE. According to the report of Politico, three sources close to Trump have confirmed this information.
Trump entrusted Tesla and SpaceX CEO Elon Musk the responsibility of cutting the government fund. The report said that recently, Trump and Musk agreed that Musk would soon return to his business, but no fixed date has been fixed yet.
After the report, there was a stir in the stock market
The White House, Musk -led task force and Allen Musk himself have not yet commented on this report. However, after this news, the shares of some government contracted companies saw an increase. At the same time, Tesla’s shares, which were 2% below the initial trading due to the fall in the first quarter, increased by 3% after the report.
Trump also indicated
Both Trump and Musk have already indicated this change but did not clarify when the musk would be removed. When Trump was asked if he wanted Musk to persist for more than his 130-day term, he said, “I think he is amazing, but he has a big company. At some time, he will have to go back. And he wants the same.” If it is considered to be a term of 130 days, then the tenure of Alan Musk as a special government employee can end by the end of May. He told Fox News last week that he is confident that he will complete most of the work of cutting 1 trillion dollars in government spending.
