Elon Musk Reduces Role in DOGE Oversight Amid Shift Back to Tesla
Elon Musk has officially scaled back his involvement with the Department of Government Efficiency (DOGE), stepping away from his role in Donald Trump’s Cabinet. The move comes after three months of active oversight, with Musk now dedicating only "a day or two per week" to DOGE as he refocuses on Tesla. The announcement was made during a White House Cabinet meeting, where Musk expressed gratitude to Trump and commended the administration’s productivity. Despite his optimistic tone, this shift raises questions about the future of DOGE and its alignment with Musk’s broader priorities. As of May 2025, the cryptocurrency market watches closely for potential impacts on DOGE’s valuation and adoption.
Elon Musk Steps Back from DOGE and Trump’s Cabinet
Elon Musk has officially reduced his involvement in Donald Trump’s Cabinet, stepping back from his role overseeing the Department of Government Efficiency (DOGE). After three months, Musk will now dedicate just "a day or two per week" to DOGE, shifting focus back to Tesla. The announcement came during a White House Cabinet meeting, where Musk thanked Trump and praised the administration’s productivity.
Despite his optimistic remarks, the move signals Musk’s belief that his government mission is largely complete. Notably, the promised efficiencies under Doge failed to materialize as expected, leaving questions about the initiative’s long-term impact.
Will Dogecoin Price Stabilize Near $0.1750, Aim For New Highs?
Dogecoin (DOGE) has demonstrated renewed bullish momentum after rebounding from a recent low of $0.17878. A rounded bottom pattern on the 4-hour chart suggests a potential trend reversal, with buyers aggressively defending the $0.1750 support level.
The cryptocurrency now appears poised for a continuation toward the $0.1850–$0.1920 resistance range. This follows a prolonged decline from its $0.24290 high, during which DOGE established successive lower highs at $0.20759 and $0.20500 before bottoming NEAR $0.13009.
The current recovery phase saw an initial push to $0.16661 before a corrective dip to $0.15217. market participants are now watching whether the $0.1750 level can serve as a springboard for higher prices.
Dogecoin Holds Steady Amid False Reports of Elon Musk’s Tesla Exit
Dogecoin (DOGE) showed remarkable resilience as markets shrugged off baseless rumors about Elon Musk stepping down as Tesla CEO. The memecoin traded sideways between $0.16-$0.17, mirroring broader market stagnation.
Musk’s enduring influence on DOGE was evident as traders largely ignored the Wall Street Journal’s since-debunked report. Tesla’s official X account swiftly dismissed the claims, stating board members had never engaged executive search firms to replace their technocrat CEO.
The episode underscores the cryptocurrency’s peculiar sensitivity to Musk-related developments. While Tesla board members did reportedly express concerns about Musk’s political engagements, no leadership transition appears imminent.
