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White House Denies Reports Musk is Leaving DOGE
Posted
April 2, 2025
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April 2, 2025
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6:53Now PlayingBloomberg's Max Chafkin discusses Elon Musk's status in Washington as the billionaire faces a harsh political loss and reports that he is on the way out of the Trump administration.
Tesla Inc. investors shrugged off the company’s worst vehicle sales since 2022 and bid up its shares on hopes that Elon Musk will step back from his work for the Trump administration.
While the billionaire has yet to make an announcement about his plans, a report by Politico Wednesday suggested his time as a top adviser to Donald Trump may end soon. The president has told his inner circle recently that the Tesla chief executive officer will return to his businesses in the coming weeks, according to the news outlet, which cited unidentified Trump insiders.
Tesla’s stock jumped as much as 5.9% following the report, reversing earlier declines, and barely budged after White House Press Secretary Karoline Leavitt called Politico’s story “garbage.”
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