Elon Musk breaks with Trump administration
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Elon Musk is turning his attention back to his companies, including X, xAI, and Tesla, the tech giant said in a Saturday post on X.
As Tesla’s profits plunge and sales crater, investors still bet on Musk’s promised robotaxis and renewed focus.
Trump marked the end of Musk's tenure as a government employee with an Oval Office event. Musk arrived with a literal and reputational black eye.
Elon Musk said Saturday that he plans to focus on critical tech at X, Tesla and SpaceX, while scaling back his role with DOGE.
Musk's work leading DOGE, President Donald Trump's initiative to slash federal agencies and their resources, is coming to a formal end.
Critics of longtermism say it appeals to wealthy tech moguls precisely because it adds a sheen of morality to their masters-of-the-universe projects. They also say that the moguls’ ultimate goal is a utopian civilization of humans, biological and robotic, all A.I. enhanced.
DOGE's federal government cost-cutting made Tesla a target for protests and vandalism — but now Musk is focusing his attention back on the EV maker.
Tesla stock rose Thursday. Elon Musk and trade were driving shares higher. Shares of the electric-vehicle maker added 0.4%, closing at $358.43, while the S&P 500 and Dow Jones Industrial Average rose 0.
Ethics Watchdog Nomination: Trump nominated Paul Ingrassia, a former far-right podcast host, to a new important role: head of the Office of Special Counsel, an independent corruption-fighting agency that safeguards federal whistle-blowers and enforces some ethics laws.