Tesla CEO Elon Musk reacts whilst dressed in a cap with the phrases “Gulf of America” as he attends a cupboard assembly held via U.S. President Donald Trump on the White House in Washington, D.C., U.S., April 30, 2025.
Evelyn Hockstein | Reuters
With his respectable stint in executive coming to an finish, Elon Musk thanked President Donald Trump on Wednesday for “the opportunity to reduce wasteful spending.”
Since becoming a member of the second one Trump management originally of the time period in January, Musk has led the Department of Government Efficiency, tasked with slashing the scale of the government.
As a so-called particular executive worker, Musk can paintings for the management for 130 days in a calendar 12 months. The finish of May marks 130 days since Trump’s inauguration.
“The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government,” Musk wrote.
Musk, the arena’s richest particular person, is CEO of Tesla, SpaceX and artificial intelligence startup xAI. Musk stated this week that he plans to center of attention extra on his companies.
On a Tesla earnings name in April, Musk stated that his time spent operating DOGE would drop considerably via the tip of May. On the similar name, he stated that he would nonetheless spend a “day or two per week” on executive paintings till the tip of Trump’s time period.
Musk has additionally stated he plans to stay his small place of business on the White House.
During his first 100 days running with the Trump management, Musk stated in an interview with Fox Digital News that he had labored in Washington, D.C. on his DOGE initiative “7 days a week, or close to 7 days a week.”
Legal dangers are actually build up for Musk with myriad instances filed within the U.S. alleging that he violated federal regulations whilst main DOGE.
On Wednesday, pension fund leaders despatched a letter to Tesla’s board pronouncing that they will have to require Musk to position in 40 hours every week, at a minimal, on the EV maker as a situation to score any long run CEO pay bundle.