Trump sues cabinet, Musk to leave soon, Tesla stock rises

According to US political news website Politico, President Trump has informed his inner circle, including cabinet members, that billionaire Elon Musk, who leads the Department of Government Efficiency (DOGE), will be resigning in the coming weeks. Tesla’s stock price saw a surge in response to this news.

Three unnamed sources within Trump’s inner circle revealed to Politico that Trump and Musk recently made a mutual decision that Tesla’s CEO Musk will soon return to his own company. The President remains satisfied with Musk and his work in the Department of Government Efficiency.

Due to lower than expected first-quarter car delivery numbers, Tesla’s stock price fell by 6.4% in Wednesday’s trading session. However, with the news of Musk’s impending departure from DOGE, the stock price eventually rose by 5%.

Serving as a Special Government Employee (SGE) means that Musk can only work in his current position for 130 days. Musk’s SGE position began on January 20, indicating he will step down by the end of May.

On March 31, Trump expressed his desire to retain Musk but anticipated his eventual return to the company after completing the task of reforming the federal government.

“I think he’s great, but I also think he’s got to run a great big company. He will come back some day. He does want to come back,” Trump said. “As long as I can keep him.”

“Someday, Elon will want to go back to his company,” Trump added, expressing his dissatisfaction with the treatment Musk received in the government service sector.

The Department of Government Efficiency (DOGE) team is working diligently to reduce federal spending. As of March 24, DOGE estimated savings of $115 billion for US taxpayers through measures such as layoffs, asset sales, and contract cancellations. However, the department has also sparked controversy, with Musk’s cost-cutting measures in government operations drawing criticism from some quarters.