Musk officially announces the end of his work in the Trump administration
29 May 07:29
American billionaire Elon Musk has announced on his social networking site X that he is leaving the US administration as head of the Department of Government Efficiency (DOGE), "Komersant Ukrainian" reports
Musk said that the time allowed by law to serve as a special government employee had expired. He thanked Donald Trump “for the opportunity to reduce wasteful spending.”
“As my scheduled term as a special government employee comes to an end, I would like to thank U.S. President Donald Trump for the opportunity to reduce wasteful spending. DOGE’s mission will only get stronger over time as it becomes a way of life for the entire government,” Trump wrote.
As it became known to the BBC, the White House began to “fire” Musk from the post of special government employee on Wednesday evening.
His position was temporary, and his dismissal is not unexpected, but it came a day after Musk criticized Trump’s tax law.
Musk was granted “special government employee” status, which allowed him to hold a federal position for no more than 130 days a year.
If we count from the date of Trump’s inauguration on January 20, Musk could have exhausted the limit of days allowed by the end of May.
But his resignation came a day after he said he was “disappointed” with Trump’s budget bill.
This refers to Trump’s legislative initiative called “One Big Beautiful Bill,” which was unanimously passed by the US House of Representatives last week. The document was praised by Trump, who called it “perhaps the most important law in the history of the country.” At the same time, independent analysts estimate that the implementation of this bill will lead to an increase in the US national debt by more than $3.3 trillion over the next ten years.
As a reminder, US President Donald Trump said that the Department of Government Effectiveness (DOGE), headed by billionaire Elon Musk, will cease to exist at “some point.”
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Elon Musk is the world’s biggest victim of Trump’s trade wars
reported that Elon Musk was the world’s biggest victim of Trump’s trade wars. As of the beginning of March, his wealth has decreased by $116 billion since the record high of $464 billion recorded on December 17, when Tesla shares reached a historic high of $480 per share.
However, after that, Tesla began to lose ground in the market: on Tuesday, its shares closed at $272, the lowest level since the US election day.
The reason for Tesla’s fall was the overall negative dynamics of the stock market: the S&P 500 index fell by more than 1%, updating its annual low. This happened after the Trump administration imposed new tariffs on Canada, China, and Mexico.
However, it is likely that Musk is much more astute, and thanks to US government contracts, this temporary drop will turn into another rise to trillion-dollar figures.
Elon Musk is a visionary entrepreneur and lover of Russia
Elon Musk is one of the most influential entrepreneurs of our time, the founder and CEO of many innovative companies such as Tesla, SpaceX, Neuralink, and Boring Company. He was born on June 28, 1971 in Pretoria, South Africa. After moving to the United States, he became a pioneer in the field of electric vehicles, space technology, and artificial intelligence. Musk is often in the spotlight for his ambitious goals, including the colonization of Mars, the development of renewable energy, and the creation of neurocomputer interfaces.
Musk is also known for his active stance on social media, where he often posts controversial statements. In 2022, he acquired the Twitter platform, which he later renamed X. Musk takes a libertarian stance on Internet regulation and freedom of speech, opposing government interference in the activities of tech giants.
Musk plays a prominent role in the context of the Russian-Ukrainian war. His company SpaceX provides the Ukrainian Armed Forces with access to the Starlink satellite Internet, which has provided critical communications at the front. However, some of his public statements have caused outrage among Ukrainians and the international community. For example, Musk has proposed “peace initiatives” that included territorial concessions to Ukraine, which was perceived as support for the Kremlin’s narrative. Recently, Elon Musk was accused of secret contacts with Putin, and he ridiculed Zelenskyy’s statement about Ukraine’s independence.
After Trump came to power and received a position in his administration, Musk took an openly anti-Ukrainian position. Today, Musk is an active supporter of Trump’s pro-Kremlin policies. He calls President of Ukraine Volodymyr Zelenskyy a dictator and an extortionist from the United States and opposes any assistance to Ukraine in the war with Russia.
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