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Home FINANCE

Elon Musk Steps Down from DOGE, Remains Trump Advisor

Michael Juanico by Michael Juanico
May 30, 2025
in FINANCE, POLITICS
Reading Time: 2 mins read
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  • Elon Musk stepped down as DOGE chief but will still advise President Trump moving forward.
  • During his tenure, the DOGE team saved over $160 billion for FY 2025–26 and aims to hit $200 billion soon.
  • Musk described DOGE as a long-term movement, comparing it to a “way of life” that will keep growing in influence.

Elon Musk’s time leading the Department of Government Efficiency (DOGE) has wrapped up, but he’s not disappearing from the scene. Musk described his role as a “limited-term assignment,” noting it’s time to shift focus back to Tesla and SpaceX. Despite stepping down, he promised to stay on as a friend and adviser to President Trump, keeping ties strong with the White House.

🇺🇸 ELON MUSK: WILL BE AN ADVISOR TO TRUMP—THIS IS NOT THE END OF DOGE, BUT REALLY THE BEGINNING pic.twitter.com/0ASC5NFndh

— BlockNews (@blocknewsdotcom) May 30, 2025

A Humble Farewell with a Touch of Humor

Wearing a jacket over a shirt that cheekily read “The DOGE-Father,” Musk kept things lighthearted during his farewell press conference. Trump, standing nearby, praised Musk’s work as “historic” and said their friendship was “truly special.” Musk emphasized this isn’t the end for DOGE, calling it a philosophy, even comparing it to Buddhism—“a way of life” that will continue to drive transformation in government.

Billions Saved and Bigger Goals Ahead

During his tenure, Musk and the DOGE team calculated over $160 billion in savings for the 2025–26 fiscal year, a number that’s expected to rise past $200 billion. The mission? Eliminate waste, curb inefficiency, and inject some serious innovation into the public sector. Musk believes this is only the beginning of what DOGE can achieve.

.@VP on @elonmusk: "I think what he's done is really incredible… the DOGE effort will continue… and most importantly, the job, the job of making the government more efficient — of not wasting people's money — that has to continue. I think it's one of the most important… pic.twitter.com/w1S3Dfhweg

— Rapid Response 47 (@RapidResponse47) May 30, 2025

Still on the Radar, Just Not in the Spotlight

Although he’s moving away from his government role, Musk isn’t leaving the conversation. He plans to keep advising Trump and supporting DOGE’s evolution behind the scenes. For now, though, it’s back to rockets, EVs, and reshaping the future—one project at a time.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: DOGEElon MuskPresident TrumpSpaceXtesla
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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