Administration expresses gratitude towards Musk's tenure: "He contributed significantly to our aims" - Administration acknowledges Musk's departure: "We appreciate his contributions"
Elon Musk, the world's richest individual, tendered his resignation as a special government employee on Wednesday. Musk held a position within the government efficiency office, known as Doge, appointed by former President Trump. His role included implementing staff and spending reductions across government ministries and agencies.
Trump announced a press conference at the Oval Office on Friday at 1:30 PM local time (7:30 PM CEST), according to his Truth Social service. The press conference will reportedly feature Musk, who will leave his post on this day yet continue to lend support to the administration.
Following his departure, Musk plans to re-focus on his companies, particularly Tesla and SpaceX. Tesla, a significant player in the electric vehicle market, has faced revenue losses and profit declines, particularly in Europe, in the first quarter of the year. Tesla's online service, X, as well as SpaceX's giant Starship rocket, have also recently faced issues.
The tycoon's supportive stance towards far-right political forces in Europe, particularly in Germany, has garnered criticism. Recently, Musk backed the far-right AfD party during the German federal election campaign.
Details about Musk's future plans for Tesla, SpaceX, and other companies beyond his departure from the government role need further information from additional sources or official announcements from the entrepreneur or his companies. Typically, Musk's future plans encompass technological advancements and innovative projects, such as expanding electric vehicle production and pursuing space exploration and satellite technology development.
In general, Musk's future ambitions span across his companies, emphasizing technological innovation and sustainability:
- Tesla: Expanding market reach in electric vehicles.
- SpaceX: Pushing forward with Starship development and deeper space missions.
- Neuralink & The Boring Company: Advancing neurotechnology and infrastructure projects.
- Elon Musk, who is the world's richest individual, has decided to step down from his special government role effective from this Friday.
- Musk's tenure in the White House involved implementing staff and spending reductions across various government departments.
- Despite leaving his post, Musk will reportedly continue to support the current administration during their press conference at the Oval Office on Friday.
- Post-resignation, Musk plans to refocus on his companies, particularly Tesla and SpaceX, which have been facing challenges in the markets.
- Tesla, a market leader in electric vehicles, has recently faced revenue losses and profit declines in Europe, while Tesla's online service, X, and SpaceX's Starship rocket have encountered issues.
- Musk's future plans for Tesla, SpaceX, and other companies involve focusing on technological advancements, sustainability, and expanding market reach in electric vehicles and space exploration.
