
Published 29/05/2025 16:33 | Edited 29/05/2025 17:08
After a rapid passage by the government of Donald Trump, in particular, dedicated to the destruction of the public apparatus, the histrionic Elon Musk announced on Wednesday that he is leaving the management.
The announcement, of course, was made through his account on his X network. “Now that my period as a special government official is coming to an end, I would like to thank President Donald Trump for the opportunity to reduce unnecessary expenses,” he said.
Musk was responsible for the Department of Government Efficiency (Doge), through which he promised to make the most of spending on services and civil servants.
According to ReutersBased on information that it was not possible to independently confirm, about $ 175 billion would have been saved in all with the cuts.
The departure was already foreseen, since his 130 -day term would expire on May 30, but did not occur without discomfort to Trump’s team.
On the eve of his announcement, he criticized Trump’s tax package. “I was disappointed to see this huge spending bill, frankly, which increases the budget deficit (…) and undermines the work being done by the Doge team,” Musk said in an interview with CBS News.
Read also: Trump gives musk access to privileged information against China
It is worth remembering that in his time by the US government, Musk saw the actions and sales of one of his main companies, Tesla, plummeting to Trump’s supercies announced.
In early April, the electric vehicle manufacturer delivered nearly 337,000 units in the first three months of 2025, a 13% drop over the same period last year, the lowest level in three years, according to the BBC.
The company’s net income fell by 71% in the first quarter of this year compared to the previous year. Sales in the European Union also fell half in April, with just over 7,200 units sold.
In early April, in just one day, shares had a tumble of almost 7%, with a 43% cut in the target price (estimated value).
“The decline suggests that the controversial policy of CEO Elon Musk and its association with US President Donald Trump are damaging the brand’s popularity,” Bloomberg said.
Now that it has announced the end of its passage by the government, the company’s performance seems to be recovering: shares rose 2.83% on Thursday.
Throughout his term, Musk has collected animosities, typical of a toxic right extremist amid equally radical management in his reactionary and fascist positions. In these months, he fell out with secretaries and even called Peter Navarro, Trump’s commercial advisor, “darker than a brick bag.”
Source: vermelho.org.br