By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > News > Elon Musk ‘not really leaving’ the US government, says Donald Trump
News

Elon Musk ‘not really leaving’ the US government, says Donald Trump

News Room
Last updated: 2025/05/30 at 5:42 PM
By News Room
Share
4 Min Read
SHARE

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

Elon Musk was “really not leaving” the US government, Donald Trump claimed at an Oval Office press briefing that had been billed as a send-off for the billionaire from his role heading the administration’s cost-cutting initiative.

Trump told the news conference on Friday that Musk, who helped bankroll his presidential campaign last year, was “going to be back and forth” between his businesses and Washington.

The president credited the Tesla boss — who was sporting a black eye during his visit to Washington — with running the “most sweeping and consequential government reform programme in generations” at the so-called Department of Government Efficiency (Doge).

Musk’s time as the head of Doge came to a premature close this week after he bristled at central parts of the Trump administration’s policy agenda.

The 53-year-old, who was originally slated to lead the department until next summer, was also forced to focus on his companies after they suffered what he called “blowback” over his ties to the Trump administration.

Tesla has borne the brunt of the backlash, with the electric-car maker’s sales slumping in the previous reported quarter, particularly in Europe, where the administration is deeply unpopular. 

Speaking alongside the president on Friday, Musk defended his record at Doge, which rampaged through government agencies, gutting the US Agency for International Development and cancelling contracts deemed to be linked to diversity initiatives or so-called woke causes.

“This is not the end of Doge but really the beginning,” he said, adding the initiative was now “permeating throughout government”, with members of his team embedded in agencies.

Musk also defended Doge’s purported savings, despite it only managing to cut a fraction of the $2tn in waste and fraud he had pledged to find. A Financial Times investigation concluded that the accounting of $175bn in savings so far identified by the organisation was riddled with duplicates and inflated estimates.

“I’m confident that over time we will see $1tn in savings,” Musk said on Friday, adding that Doge was “on track to do so . . . by the middle of next year”. 

He said the department faced opposition for actions it did not even take, claiming: “We became the Doge bogey man, any cut anywhere would be ascribed to Doge.”

He also refused to answer questions about a New York Times report alleging he had used illegal drugs while campaigning for Trump last year.

Trump predicted that the savings made by Doge would get “very much more substantial with time” and the “numbers could double and triple”. 

During his four-month tenure, Musk clashed with cabinet secretaries — including Scott Bessent at the Treasury — and even criticised two of the administration’s signature policies.

He publicly opposed the White House’s trade policy and claimed the president’s blockbuster tax bill “undermines” the work done by his Doge team.

But while Trump’s deputy chief of staff Stephen Miller this week obliquely rebuked Musk over his comments on the tax bill, the president has refrained from hitting back at his richest supporter, who backed him with more than $250mn last year.

The president nonetheless touted his tariffs in front of the billionaire at the Oval Office on Friday, saying: “The tariffs are so important . . . without the tariffs our nation would be in peril”.

Read the full article here

News Room May 30, 2025 May 30, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
We Saw Lucid’s Turnaround Plan And The Stakes Are Huge

Watch full video on YouTube

Alexis Ohanian is a ‘tech optimist’ when it comes to his daughter and AI. 🤖

Watch full video on YouTube

SETM: Why This ETF Should Be Read As A Cyclical Mining Play (NASDAQ:SETM)

This article was written byFollowFinancial Serenity is a financial analysis and quantitative…

Gold and silver hit record highs on geopolitical tensions

Gold and silver prices rose to record highs on Monday as geopolitical…

Why Build-A-Bear Is Quietly Crushing The Market

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

SETM: Why This ETF Should Be Read As A Cyclical Mining Play (NASDAQ:SETM)

By News Room
News

Gold and silver hit record highs on geopolitical tensions

By News Room
News

Fraudsters use AI to fake artwork authenticity and ownership

By News Room
News

John Hancock Multimanager Lifestyle Moderate Portfolio Q3 2025 Commentary

By News Room
News

Role reversal: how foot-dragging France blindsided newly assertive Berlin

By News Room
News

VGT: An Efficient ETF To Capture The Growth Of AI

By News Room
News

US inflation unexpectedly falls to 2.7%

By News Room
News

Zelenskyy to confront De Wever in stand-off over Russian assets loan

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?