Rumors are flying about Elon Musk and his role with the Department of Government Efficiency, called DOGE. Some say he might quit soon. Others say he is staying. Tesla stock is jumping around, and people want answers. Here is the latest scoop.
Stepping Down or Staying Put?
Talk started today that Elon Musk could leave his job as head of DOGE. A news site called Politico said President Donald Trump told his team that Musk might step back soon. Musk started at DOGE on January 20, 2025, and his job as a special worker can only last 130 days. That means he would be done by late May. But some reports say he might go even earlier. The White House and Musk say this is not true. The White House spokesperson, Karoline Leavitt, called it “junk news.” She said Musk will stay until his work is finished. Musk posted on X that the rumors are “fake.” So, it seems he is not leaving yet.
What DOGE Does and Why It Matters
DOGE is a group that Trump made to save money in the government. Musk runs it, and they have been cutting a lot. They claim to have saved 140 billion dollars already, but not everyone believes that number. Musk told Fox News he wants to cut 1 trillion total. His team has let go of thousands of workers and even closed big groups like USAID. This makes some people cheer and others upset. If Musk leaves, it could shake up DOGE big time.
Tesla Stock and Musk’s Future
Tesla stock moved today after the rumors hit. It was down 2 percent because Tesla sold fewer cars than people thought this year. Then it went up 3 percent when folks heard Musk might leave DOGE. Investors think that if he stops working for the government, he can focus on Tesla. The company has had a tough time lately, and some say Musk being busy with DOGE hurt it. If he goes back to Tesla full-time, the stock might climb more. People also wonder if he will keep helping Trump in a smaller way after DOGE.
Right now, Musk says he is staying. The White House backs him up. Tesla fans want him back at the car company. No one knows for sure what is next, but it is a hot topic. Keep an eye on Fox News or ABC News for more as it happens.
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