Elon Musk quits Trump administration

Billionaire Tesla (TSLA.O) CEO Elon Musk is leaving the Trump administration after leading a tumultuous efficiency drive, during which he upended several federal agencies, but ultimately failed to deliver the generational savings he had sought. His “off-boarding will begin tonight,” a White House official told Reuters late Wednesday, confirming Musk’s departure from government. Musk earlier on Wednesday took to his social media platform X to thank President Donald Trump as his time as a special government employee with the Department of Government Efficiency draws to an end.