Musk Bails on Bureaucracy: Tech Titan Quits Gov Efficiency Role After DC Debacle
Elon Musk’s stint as a government efficiency czar crashed harder than a Tesla on autopilot. The serial disrupter—who revolutionized payments, spaceflight, and meme stocks—met his match in Washington’s red tape.
No more ’moving fast and breaking things’ when the thing you’re breaking is the federal procurement process. The man who colonized Mars couldn’t colonize a cubicle at the GSA.
Wall Street shrugs—another Musk venture that promised shareholder value but delivered only headlines. At least this exit didn’t tank crypto prices.
President Trump’s CFTC Pick Discloses Millions in Crypto
Despite stepping down, Musk said on X that DOGE’s mission will continue and could influence broader government practices.
His exit comes as 14 states pursue a lawsuit accusing him and DOGE of overstepping their authority — including claims of unauthorized firings, canceled contracts, and improper access to federal data.
In a May 28with Ars Technica, Musk admitted he may have focused too much on politics, potentially to the detriment of Tesla. Still, he downplayed his actual time spent on DOGE and blamed media exaggeration. When Musk previously said he’d reduce his involvement, Tesla stock rose over 5% — despite an 80% decline in quarterly net income.
Tesla still holds 11,509 Bitcoin, worth around $1.24 billion. Its shares are down nearly 6% this year, mirroring declines among other major tech firms.
