2025-04-03 16:55:09
Business

Elon Musk's Transition from Advisor to Businessman

Image courtesy of : AFP (BRENDAN SMIALOWSKI)

Elon Musk is reportedly stepping back from his advisory role with President Donald Trump, sparking a positive reaction on Wall Street. Tesla's stock saw a notable increase following the news.

While Musk's departure from the Department of Government Efficiency may signal a shift in focus, Vice President J.D. Vance has emphasized that Musk will remain a friend and advisor to Trump. Despite achieving significant cuts in government bureaucracy, Musk's recent setbacks—including a substantial decline in personal wealth and challenges with Tesla's production—have raised questions about his influence.

The relationship between Musk and Trump, once seen as mutually beneficial, appears to be evolving as the drawbacks of their alliance come into sharper focus. This transition marks a pivotal moment for Musk, as he navigates the complexities of his dual roles in business and politics.

Despite the challenges, both Musk and Trump may continue to maintain a connection, albeit in a more limited capacity as Musk reorients towards his commercial endeavors.

derstandard
2. April 2025 um 17:11

Elon Musk reportedly withdraws as Trump advisor according to media reports

According to a report by the platform "Politico", Elon Musk is said to be withdrawing as an advisor to US President Donald Trump. The news caused euphoria on the stock exchange. The share price of Musk's electric car company Tesla rose significantly on Wall Street.
Berliner Zeitung
3. April 2025 um 13:29

Elon Musk Stepping Back from Politics? US Vice President J.D. Vance Weighs In

According to US Vice President J.D. Vance, tech billionaire Elon Musk will remain a friend and advisor to US President Donald Trump even after his departure from the Ministry of Government Efficiency (Doge). Musk was tasked by Trump to serve as a special government employee to lead efforts to cut government funding and dissolve various US agencies. Although Trump was satisfied with Musk's work, the two have mutually decided that the entrepreneur will soon return to his businesses. The exact re..
t-online
3. April 2025 um 13:38

Vance: Musk Will Remain Friend and Advisor

US Vice President J.D. Vance has dismissed reports of tech billionaire Elon Musk's imminent departure from the White House. Musk will continue to be available as a friend and advisor, as Vance stated on Fox News. The billionaire was appointed by President Donald Trump to combat bureaucracy and has so far succeeded in laying off tens of thousands of employees.
TechCrunch
3. April 2025 um 15:49

Elon Musk took a chainsaw to the US government. Tesla is taking the hit.

Tesla's lineup has grown stale, and the much-anticipated Cybertruck has faced numerous recalls, highlighting the company's ongoing quality and production challenges.
CW

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