No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, November 11, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Elon Musk exits Trump administration after clash over ‘big beautiful bill’

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 3 mins read
A A
Elon Musk exits Trump administration after clash over ‘big beautiful bill’
Share on FacebookShare on TwitterShare on LInkedIn




Elon Musk’s time as a special government employee and “first buddy” to President Donald Trump has come to an end. In a post on X, the world’s richest man thanked Trump and praised the legacy of DOGE, saying it would become “a way of life throughout the government.”

Elon Musk has wrapped up his time with President Donald Trump’s administration. In a post on X, the billionaire Tesla CEO announced the end of his formal role as an unpaid special government employee with the Department of Government Efficiency (DOGE).

“As my scheduled time as a Special Government Employee comes to an end, I would like to thank President Donald Trump for the opportunity to reduce wasteful spending,” Musk wrote. “The DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”

Musk in April had previously pledged to spend “a day or two per week on government matters for as long as the President would like me to do so, as long as it is useful” to assuage Tesla investors who wanted the CEO to focus on the electric vehicle manufacturer. At the time, Musk said he would have to soldier on with DOGE in order to keep the “waste and fraud” from reappearing.

“I’ll have to continue doing it,” Musk told Tesla investors and analysts during an earnings call. “I think we have the remainder of the President’s term just to make sure that the waste and fraud that we stopped does not come roaring back, which it’ll do if it has the chance.” 

However, some noted the timing seemed to coincide with a CBS News interview teased yesterday, in which Musk said that he was disappointed in Trump’s ‘Big, Beautiful Bill’ and that it “undermines the work that the DOGE team is doing.” 

“I think a bill can be big or it can be beautiful, I don’t know if it can be both,” Musk said during the interview. 

As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending. The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.

— Elon Musk (@elonmusk) May 29, 2025

Trump’s legislative agenda includes a sweeping package of major tax cuts, stricter medicaid and food-assistance requirements, and more than $45 billion in spending on immigration and border security in addition to $150 billion in new defense spend.

Musk endorsed Trump in July 2024, right after an assasination attempt on Trump, and later Musk reportedly committed around $45 million a month to a new pro-Trump super PAC called America PAC. 

After the election, Trump announced that Musk and former presidential candidate rival Vivek Ramaswamy would lead a new “Department of Government Efficiency” (DOGE). Musk called himself the “First Buddy” and President-Elect Trump joked that he “couldn’t get rid of” Musk and that “Elon won’t go home.” 

Under Musk, DOGE claimed to have saved over $160 billion – far lower than the $1 trillion that Musk initially aimed to save in government waste. The DOGE team pushed for the departures and retirements of thousands of federal workers and cut spending on foreign food and medical aid. 

A New York Times analysis found that nearly 60,000 federal positions had been cut and another 76,000 had taken buyouts, while there are planned reductions of nearly 150,000 more. 

This story was originally featured on Fortune.com



Source link

Tags: AdministrationbeautifulbigbillclashElonExitsMuskTrump
ShareTweetShare
Previous Post

Chevron Corporation (CVX) Terminates Venezuela Contracts But Will Retain Staff, Says Report

Next Post

Nvidia’s CEO blasted Trump policy that will cost the company $10.5 billion—then praised Trump’s ‘bold vision’ minutes later

Related Posts

edit post
3 Buy-And-Forget Dividend Stocks With Snowballing Payouts

3 Buy-And-Forget Dividend Stocks With Snowballing Payouts

by TheAdviserMagazine
November 11, 2025
0

Sichon / Shutterstock.com TSMC (TSM) manufactures chips for Nvidia and AMD and holds major pricing power over the tech industry....

edit post
Pelephone raises offer for Hot Mobile

Pelephone raises offer for Hot Mobile

by TheAdviserMagazine
November 11, 2025
0

The battle to buy Hot Mobile is heating up. After a new offer for the mobile phone company was...

edit post
Why your AI projects keep failing

Why your AI projects keep failing

by TheAdviserMagazine
November 11, 2025
0

Virtually every organization is trying its hand at AI, yet very few are seeing the payoff. Despite massive investment, most...

edit post
Ikea India sales grows 6% YoY to Rs 1,860 crore, eyes profitability in 2 years

Ikea India sales grows 6% YoY to Rs 1,860 crore, eyes profitability in 2 years

by TheAdviserMagazine
November 11, 2025
0

The Indian arm of Swedish furniture giant, Ikea India has posted 6% year-on-year (yoy) growth in sales at Rs 1860.8...

edit post
Israeli AI cybersecurity co Tenzai raises m

Israeli AI cybersecurity co Tenzai raises $75m

by TheAdviserMagazine
November 11, 2025
0

Israeli AI-native cybersecurity company Tenzai, which is redefining penetration testing through autonomous, agentic AI, today announced it has emerged...

edit post
6 Key Signs You’ll Be Able To Enjoy a Middle-Class Retirement

6 Key Signs You’ll Be Able To Enjoy a Middle-Class Retirement

by TheAdviserMagazine
November 11, 2025
0

Planning for retirement involves the meticulous breakdown of expenses and investments. A lot of research and preparation goes into setting...

Next Post
edit post
Nvidia’s CEO blasted Trump policy that will cost the company .5 billion—then praised Trump’s ‘bold vision’ minutes later

Nvidia's CEO blasted Trump policy that will cost the company $10.5 billion—then praised Trump's 'bold vision' minutes later

edit post
Nvidia shares rise as sales hit from China export curbs not as bad as feared

Nvidia shares rise as sales hit from China export curbs not as bad as feared

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
How to Look Penniless in the Public Record |

How to Look Penniless in the Public Record |

0
edit post
Pelephone raises offer for Hot Mobile

Pelephone raises offer for Hot Mobile

0
edit post
What Would Hayek and Mises Think about Mamdani?

What Would Hayek and Mises Think about Mamdani?

0
edit post
FTX Founder Sam Bankman-Fried Undeterred By Prison, Shares What Happened To Users’ Crypto

FTX Founder Sam Bankman-Fried Undeterred By Prison, Shares What Happened To Users’ Crypto

0
edit post
Building a Culture of Accountability Without Micromanaging

Building a Culture of Accountability Without Micromanaging

0
edit post
How to Protect Your Savings When Moving Into a Continuing Care Facility

How to Protect Your Savings When Moving Into a Continuing Care Facility

0
edit post
3 Buy-And-Forget Dividend Stocks With Snowballing Payouts

3 Buy-And-Forget Dividend Stocks With Snowballing Payouts

November 11, 2025
edit post
FTX Founder Sam Bankman-Fried Undeterred By Prison, Shares What Happened To Users’ Crypto

FTX Founder Sam Bankman-Fried Undeterred By Prison, Shares What Happened To Users’ Crypto

November 11, 2025
edit post
Pelephone raises offer for Hot Mobile

Pelephone raises offer for Hot Mobile

November 11, 2025
edit post
LVMH (MC): Chinas Erholung sorgt für Breakout der Luxusgüteraktie!

LVMH (MC): Chinas Erholung sorgt für Breakout der Luxusgüteraktie!

November 11, 2025
edit post
‘Big Short’ investor Michael Burry accuses AI hyperscalers of artificially boosting earnings

‘Big Short’ investor Michael Burry accuses AI hyperscalers of artificially boosting earnings

November 11, 2025
edit post
Why your AI projects keep failing

Why your AI projects keep failing

November 11, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • 3 Buy-And-Forget Dividend Stocks With Snowballing Payouts
  • FTX Founder Sam Bankman-Fried Undeterred By Prison, Shares What Happened To Users’ Crypto
  • Pelephone raises offer for Hot Mobile
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.