Billionaire Elon Musk has said his time leading President Donald Trump’s cost-cutting task force is coming “to an end”.
In a post on his social media platform X, Musk thanked Trump for the opportunity to help run the Department of Government Efficiency – known as Doge.
He was designated as a “special government employee” – allowing him to work a federal job for 130 days each year.
“The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”
The BBC understands that the White House will begin “offboarding” Musk as a special government employee on Wednesday night.
According to billionaire Elon Musk, his tenure as head of President Donald Trump’s task force on cost-cutting is “coming to an end.”.
Musk thanked Trump for the chance to assist in running Doge, the Department of Government Efficiency, in a post on his social media platform X.
Being classified as a “special government employee” gave him the ability to work 130 days a year for the federal government. Trump would reach that threshold by the end of May, measured from his inauguration on January 20.
After criticizing Trump’s “big, beautiful” budget bill, which is the legislative centerpiece of the president’s agenda, Musk resigned.
“As my appointed term as a Special Government Employee draws to a close, I am grateful to President @realDonaldTrump for the chance to cut unnecessary spending,” Musk posted on X.
“As it becomes ingrained in the government, the @DOGE mission will only get stronger over time. “.”.
According to the BBC, on Wednesday evening, the White House will start “offboarding” Musk as a special government employee.
Musk’s resignation follows his statement that he was “disappointed” with Trump’s budget, which calls for multi-trillion dollar tax cuts and increased defense spending.
In an interview with the BBC’s US partner CBS, the CEO of SpaceX and Tesla stated that he believed the bill “undermines the work” being done at Doge and that it would increase the federal deficit.
After a turbulent political journey that saw him become one of Trump’s closest advisors and saw his electric car company’s profits plummet, the Republican megadonor has left.
Recently, Tesla declined to provide a growth forecast, warning investors that the financial pain could worsen and that “changing political sentiment” could significantly reduce demand for the cars.
During an earnings call last month, Musk informed investors that he would be “allocating far more of my time to Tesla” and that his time spent on Doge “will drop significantly”.
