6 h. ago Tesla stock soars after Elon Musk announces he's 'easing out' of DOGE

Tesla stock surged nearly 20% after Elon Musk announced he's scaling back his government role to refocus on the company. The pivot came during Tesla's earnings call, soothing investor fears.

Politics

67 h. ago What exactly is Elon Musk's role in the US Government and why is he stepping down from Doge?

The world’s richest man has already sparked several controversies in this advisory role, but has said his time in office may soon be up

Politics

69 h. ago Trump latest updates: Elon Musk to ‘significantly’ step back from DOGE role after Tesla profits plunge

Musk told investors that he would likely cut back his work for Donald Trump’s Department of Government Efficiency to one or two days a week

Politics

3 d. ago Elon Musk steps back from DOGE role to focus on failing business after Tesla stock decline

Elon Musk has said his time as a senior advisor to President Donald Trump and the de facto head of the Department of Government Efficiency (DOGE) will be reduced from next month

Events

3 d. ago Elon Musk to pull back in Doge role starting May amid 71% dip in Tesla profits

CEO to pare back White House work to one to two days weekly as analysts say role has caused branding crisisThe Tesla chief executive Elon Musk said he will start pulling back from his role at the so-called “department of government efficiency” starting in May. Musk’s remarks came as the company reported a massive dip in both profits and revenues in the first quarter of 2025 amid backlash against Musk’s role in the White House.On an investor call, Musk said the work necessary to get the government’s “financial house in order is mostly done”. Continue reading...

Politics

3 d. ago Tesla sales plunge as carmaker warns ‘political sentiment’ could impact future demand

Profits slide 71% to $409m as analysts conclude Elon Musk’s role in White House has caused branding crisisTesla saw a 9% drop in revenue year over year in the first quarter of 2025. The company brought in $19.3bn in revenue, well below Wall Street expectations of $21.45bn. The company reported an earnings per share of 27 cents, also well under investor expectations of 43 cents in earnings per share.Tesla profits also slid 71% to $409m compared with $1.39bn in net income the previous year. Continue reading...

Events

2 w. ago 'Musk is a bully who uses his wealth as a weapon to enforce an authoritarian agenda'

Elon Musk is set to step away from his political role in the coming weeks, White House insiders have told as his company, Tesla, faces plummeting sales and tanking share prices

Events

2 w. ago Musk may soon leave the White House, but his bromance with Trump will remain

Rather than an explosive split that many predicted, Musk instead appears set to keep close ties with Trump and retain influence on US politicsAfter months of exerting extraordinary power over the US government and becoming a mascot for Donald Trump’s new administration, the first signs that Elon Musk may shift away from his prominent role in the White House began to appear this week.Both Trump and JD Vance have stated in interviews over the past few days that Musk would eventually leave the administration and the “department of government efficiency” (Doge) that he founded, their most direct statements yet on his tenure. Politico also reported on Wednesday that Trump had told members of his inner circle that the Tesla CEO would be departing in the coming weeks, though Musk called the article “fake news”. Musk is a “special government employee”, a designation that technically carries a 130-day term that, depending on how the administration chooses to log those days, could run out at ...

Politics

3 w. ago Musk to remain ‘friend and adviser’ to Trump after leaving Doge, says Vance

Vice-president makes remark after reports that president told cabinet members billionaire will be stepping backJD Vance said on Thursday that Elon Musk would remain a “friend and an adviser” to the vice-president and Donald Trump after he leaves his current role with the so-called “department of government efficiency” (Doge).In recent days, several news outlets, including Politico, reported that Trump had told members of his cabinet that the tech billionaire, who holds the position of “special government employee”, would soon be stepping back from his role in the administration, and would take on a supporting role and return to the private sector. Continue reading...

Politics

3 w. ago Donald Trump's telling comment about Elon Musk as world's richest man to leave White House

A comment Donald Trump made about Elon Musk is recirculating after reports the Tesla boss is set to step down from his government role - and his DOGE department could also disappear

Politics

3 w. ago Trump news at a glance: sweeping tariffs announced; Musk could be nearing end of role

Trump announces ‘reciprocal’ tariffs on largest US trading partners; Elon Musk may leave government role at end of 130-day cap. Here’s your roundup of key US politics stories from 2 April 2025Donald Trump announced sweeping tariffs on some of its largest trading partners on Wednesday, upending decades of US trade policy and threatening to unleash a global trade war on what he has dubbed “liberation day”.Trump said he will impose a 10% universal tariff on all imported foreign goods in addition to “reciprocal tariffs” on a few dozen countries, charging additional duties onto countries that Trump claims have “cheated” America. Continue reading...

Politics

3 w. ago Elon Musk reportedly to step down from lead Trump role as service limit nears

Insiders say Musk will leave soon, when 130-day cap on government service expires but ‘Doge’ team set to continueElon Musk’s polarizing stint slashing and bashing federal bureaucracy will probably soon end, with the world’s richest person’s government service hitting its legal limit in the coming weeks.“He’s got a big company to run at some point he’s going to be going back,” Donald Trump told reporters on Monday. Continue reading...

Politics

3 w. ago All the signs Elon Musk was on brink of stepping down from DOGE after months of scandal and chaos

Less than four months after assuming the role, Trump has reportedly told his inner circle that Elon Musk, 53, will be stepping back from DOGE.

Events

3 w. ago Elon Musk dramatically steps down from DOGE in shock move after Trump expressed private doubts

President Donald Trump has told his Cabinet and inner circle that Elon Musk is stepping back from his government role.

Events

3 w. ago Donald Trump tells cabinet Elon Musk will leave top government role 'soon'

Musk has been heading up the Department of Government Efficiency (DOGE) taskforce since Trump returned to office in January.

Politics

3 w. ago ‘Love the car, not the CEO’: how Europe’s Tesla owners feel about their cars

Some voice regret over Musk’s backing of Trump, but others say CEO’s views do not detract from the car’s appealTesla showrooms across the world are expected to face anti-Elon Musk protests on Saturday, as Musk’s senior role in the Trump administration has contributed to a European consumer backlash by some Tesla owners and prospective buyers.It follows a 44% drop in Tesla sales in Europe on average last month, according to the research platform Jato Dynamics. Tesla’s European market share fell to 9.6% last month, the lowest it has registered in February for five years. Continue reading...

Politics