Senior Advisor of the White House Elon Musk moves to the White House on March 9, 2025 with US President Donald Trump (not painted) at Washington, DC after landing in the Marine in South Lawn. Trump was returning to the White House after spending a weekend in his private club Mar-e-Lago in Florida.
Samuel quorum | Getty Image News | Getty images
Tesla Shares increased after Wednesday Politician Informed this Elon Musk The so -called government efficiency can step down in the so -called department, paving the way for the CEO to focus on the electric vehicle manufacturer.
The White House later called the report “garbage”. Musk also posted on X, “yes, fake news” in response to the news.
The stock stopped more than 5%. In the climb of its session, it fell to 6.4% from behind Weakened For the first quarter.
Report – which cites the inner sources of Trump – said that, while the President Donald Trump Kasturi and Dogi are pleased with the cost cut, which has been pushed, both decided in recent times that billionaires would soon return to their businesses.
NBC News Told that Trump told the cabinet that musk may come out in the coming months. A senior government official told NBC News that Musk would leave as a special government employee at the end of a 130 -day term.
Tsla recovers
Wednesday’s report comes during a tough stretch for Tesla. Despite Wednesday’s benefits, the stock has fallen more than 5% in the last month. To date, it has exceeded 31%. The stocks also shed 36% in the first quarter, marking his greatest quarter drop since 2022.
Musk’s role in the White House is a factor on Tesla’s stock. It has awakened the waves ProtestBoycott and violent attacks on Tesla stores and vehicles around the world. Trump’s automotive tariffs are also a concern as they include Tesla’s key suppliers – especially in Mexico and China.
“My Tesla Stock and Tesla’s stock has gone to the stock,” has gone in about half, “Musk said at a rally held in Green Bay, Wisconsin on Sunday night,” He supported Brad Shimal in Tuesday’s state’s Supreme Court election to promote a Republican judge. “This is a very expensive task that I am saying.”
In addition to organizing a rally in Wisconsin, Musk spent millions and often its social network X. Posted about the race on Judge Susan Crawford, who Won seat In the Supreme Court, Wisconsin was supported by the Democrats and Progressive Group, who criticized Kasturi, with the impact on their money and the race as well as their work in their operations.
Separately, Brad Lander, the controller of New York City, urged the city to sue Tesla on behalf of NYC Pension Fund, citing Musk’s work for the White House.
In a Tuesday statementThe Lander’s office said: “The basis of potential litigation is a physical misconception from Tesla, claiming that CEO Elone Musk spends significant times on the company and is highly active in his management, after his Trump administration’s Dogi initiative, spends very little of his time, which actually promotes Tesla’s management, which is actively harmful to Tesla’s business.”
