US President Donald Trump has informed those closest to him that Elon Musk, CEO of Tesla and the current leader of the Department of Government Efficiency (D.O.G.E.), will step back from his political role.
Sources indicate that Musk has become a political liability due to his recent behavior and unpredictability, leading to frustration within Trump's administration.
However, Musk is expected to maintain an informal role as an adviser and occasionally appear in the White House.
The news of Musk potentially leaving his political role caused a temporary increase in the price of Bitcoin.