After months as Trump's austerity czar, Musk is stepping away from government—but not before torching his own brand.

Is Tesla losing its charge? The electric car company dropped in value as its CEO ramped up his involvement in the Trump administration.

After Election Day, investors initially thought that Elon Musk’s close association with President Trump would help Tesla. Jack Ewing, a reporter who covers the electric vehicle industry, describes how,

JD Vance has dismissed reports Elon Musk is being sidelined by Donald Trump. The vice president said Mr Musk will “remain a friend and advisor to me and the president” even after his 130 days as a “special government employee” are up.

On April 2, 2025, multiple news outlets reported that anonymous White House insiders told them U.S. President Donald Trump had privately announced Elon Musk, the tech billionaire and Trump adviser, would step back from his role in the coming weeks or months.

President Trump told reporters this week that DOGE chief Elon Musk has done an “amazing” job, but noted that the Tesla CEO has “got a big company to run.”

Billionaire Elon Musk will remain a friend and adviser to U.S. President Donald Trump and Vice President JD Vance, even after he leaves his role with the Department of Government Efficiency, Vance said in an interview with Fox News on Thursday.

It was a post from Elon Musk, originally published hours earlier. “This is the first time humans have been in orbit around the poles of the Earth!” he wrote. Underneath his post was a video shared by SpaceX—footage of craggy ice caps,

President Donald Trump gave billionaire adviser Elon Musk a fresh endorsement on Thursday amid criticism of Musk's government reduction project and said he can stay "as long as he likes" but will eventually return to his businesses.