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  • 5/29/2025
Billionaire entrepreneur Elon Musk, who was serving as the advisor to the US President Donald Trump and Special Government Employee, has announced his exit.
Transcript
00:00When Tesla CEO Elon Musk says I'm out, you know it's serious.
00:04He has quit US President Donald Trump's advisory team and here's why it matters.
00:08On May 28, 2025, Musk announced he was stepping down as head of Trump's Department of Government Efficiency, Doge.
00:14He thanked Trump for the chance to cut wasteful spending, but critiqued the President's big, beautiful spending bill,
00:20saying a bill can be big or it can be beautiful. I don't know if it can be both.
00:24The big and beautiful bill proposes large tax breaks for corporations and high earners and increased military spending.
00:31Before this, Musk and Trump had what many called a real bromance.
00:35Musk was one of Trump's biggest donors during the 2024 campaign and Trump praised him as a visionary,
00:40even saying a star is born after winning the election.
00:43Musk joined Trump's Strategic and Policy Forum, advising on government efficiency and manufacturing jobs.
00:49Musk's aggressive cost-cutting plans at Doge soon ran into resistance.
00:53According to reports, several cabinet members grew wary of his tactics.
00:57He clashed with some of Trump's top officials, Secretary of State Marco Rubio,
01:01Transportation Secretary Sean Duffy and Treasury Secretary Scott Besant.
01:05Meanwhile, Tesla, Musk's real priority, was struggling.
01:08Sales in Europe dropped almost 50% in April according to data released by European Automobile Manufacturers Association.
01:14By 2025, during Trump's second term, Elon Musk resigned from Doge.
01:18In this year, David Librick, the highest-ranking career official in the Treasury Department,
01:23also stepped down after disagreements with Musk's ally over government spending reforms.
01:28Musk's exit is just part of a long list of shake-ups.
01:31Trump's administration has seen numerous resignations and firing since the first term,
01:35marking it as one of the most turbulent presidencies in recent memory.
01:39The Musk-Trump romance may be over,
01:41but the impact of these clashes and resignations continues to shape the White House.

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