Elon Musk has resigned from his role as a "special government employee" in the Trump administration amidst challenges faced by his businesses, especially Tesla.
Musk's departure came after a public disagreement with President Trump over proposed spending plans and criticism of a legislative centerpiece for tax breaks and defense spending.
During his time in politics, Tesla faced a significant drop in sales, a decline in its stock price, and warnings of potential impact on demand due to changing political sentiment.
Musk's efforts to reduce federal spending through his initiative, the “Department of Government Efficiency” (Doge), led to job cuts and reports of protests and vandalism against Tesla vehicles and dealerships.