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Trump: I don't want Musk to leave the White House and return to TSL, I will do my best to keep him.
U.S. President Donald Trump has hinted that Musk, the world's richest man, may end his job in government and return full-time to run Tesla and SpaceX. (Summary: Trump tariffs remain unexploded, Fed three in command: interest rates will remain unchanged for "a period of time", observe inflation risks) (Background supplement: News》Bitcoin miner Hut 8 cooperates with Trump's son to establish a new mining company "American Bitcoin") US President Donald Trump recently revealed that close ally Elon Musk, the world's richest man, may end his job in the government and return to run his company full-time. Musk has led the Department of Government Efficiency (DOGE) since January last year, pushing for federal government reforms, mass layoffs and implementing a number of policies. Trump said at a White House event that while Musk has done a great job in government, he still needs to return to companies such as Tesla and SpaceX, especially since the core goals of the government's reform efforts are nearing completion. Musk's government is coming to an end According to Politico, Musk has a 130-day term as a "special government employee" and is expected to end in May. Since he joined the administration, Musk has led a number of reforms, laid off large numbers of government employees and shut down institutions including the U.S. Agency for International Development (USAID) and the U.S. Institute of Peace (USIP). Although these reforms have made the federal government more efficient, they have also caused a lot of public discontent and caused the stock price of his company, Tesla, to fall. Musk's reform plan has sparked opposition Musk's DOGE reform plan has been controversial, especially in terms of layoffs and cuts in federal spending. According to DOGE's publicly available information, the reform program has successfully laid off more than 30,000 federal government employees, while 75,000 employees have chosen to leave voluntarily. Still, the moves sparked a backlash and led Musk and his company, Tesla, to become the focus of protests. Tesla's stock price plummeted, reflecting the pressure brought by reform The impact of Musk's reform plan on Tesla cannot be ignored. At the end of 2023, Tesla's stock price has fallen by about 45% from its peak. Although Musk is still the richest man in the world, his personal wealth has lost more than $100 billion, which poses no small challenge for the future of him and his company. Related reports Trump tariffs remain unexploded, Fed's third leader: interest rates will remain unchanged for "a period of time", observe inflation risks News》Bitcoin mining company Hut 8 cooperated with Trump's son to jointly establish a new mining company "American Bitcoin" Trump is "very hot" to Putin threatened to increase Russian oil tariffs, and then threatened Iran to bomb if it does not reach a nuclear deal [Trump: I don't want Musk to leave the White House and return to Tesla, I will try my best to keep it] This article was first published in BlockTempo The most influential blockchain news media.