EconomyLens.com
No Result
View All Result
Tuesday, November 18, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Trump praises Musk as chief disruptor eyes exit

Andrew Murphy by Andrew Murphy
May 1, 2025
in Business
Reading Time: 5 mins read
A A
0
45
SHARES
565
VIEWS
Share on FacebookShare on Twitter

Elon Musk during a cabinet meeting in the White House in Washington, DC, on April 30, 2025. ©AFP

Washington (AFP) – US President Donald Trump said on Wednesday that Tesla boss Elon Musk could stay working for the White House as long as he wanted but understood the tycoon wanted to get back to his businesses. Musk said last month he will step back from his role as the unofficial head of the administration’s cost-cutting “Department of Government Efficiency” to focus more on his troubled Tesla car company.

Related

French court says Perrier can keep marketing as ‘natural mineral water’ 

French court says Perrier can keep marketing as ‘natural mineral water’ 

French court says Perrier can keep marketing as ‘natural mineral water’ 

TotalEnergies accused of Mozambique war crimes ‘complicity’

France makes ‘historic’ accord to sell Ukraine 100 warplanes

“The vast majority of the people in this country really respect and appreciate you,” Trump told Musk during a White House cabinet meeting, which could be his last before giving up his DOGE role. “And you know you’re invited to stay as long as you want,” Trump said, though added that Musk may want “to get back home to his cars.”

Musk, the world’s richest person, has seen his Tesla car company, which is the major source of his wealth, suffer significant brand damage from his political work. Tesla showrooms have been hit by vandalism and boycott calls in Europe and the United States in a backlash against public service cuts introduced by Musk in his role as a close advisor to Trump. “You really have sacrificed a lot. They treated you very unfairly,” Trump said of opponents to Musk.

“They did like to burn my cars, which is not great,” Musk responded. The Wall Street Journal on Wednesday reported that Tesla’s board began procedures several weeks ago to find a successor to Musk as CEO. The outlet reported — citing people familiar with the matter — that the board had met with Musk and told him that he needed to spend more time with the company, rather than in Washington.

Tesla denied the report in a post on X signed by Robyn Denholm, the board’s chairperson. “There was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company. This is absolutely false,” the statement said. “The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.”

David Sacks, a close Musk ally who is also a member of the Trump administration, said last week that Musk would not be leaving DOGE but reducing his role. This was the same plan he carried out during his takeover of Twitter in 2022, he said. “Once he felt like he had a mental model and he had the people in place that he trusted, he can move to more of a maintenance mode,” Sacks told the All-In podcast.

© 2024 AFP

Tags: Donald TrumpElon MuskTesla
Share18Tweet11Share3Pin4Send
Previous Post

Caterpillar so far not hiking prices to offset tariff hit

Next Post

Meta quarterly profit climbs despite big cloud spending

Andrew Murphy

Andrew Murphy

Related Posts

Business

Emirates orders 65 more Boeing 777X planes despite delays

November 18, 2025
Business

Macron, Zelensky sign accord for Ukraine to buy French fighter jets

November 17, 2025
Business

Budget coffee start-up leaves bitter taste in Berlin

November 15, 2025
Business

Luxury houses eye India, but barriers remain

November 17, 2025
Business

Purdue Pharma to be dissolved as US judge says to approve bankruptcy

November 14, 2025
Business

Purdue Pharma to be dissolved as US judge says to approve bankruptcy

November 14, 2025
Next Post

Meta quarterly profit climbs despite big cloud spending

Ukraine, US sign minerals deal, tying Trump to Kyiv

Global stocks mostly rise following mixed economic data

Nuclear power sparks Australian election battle

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

79

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

South Africa to host G20 summit boycotted by US

November 18, 2025

India’s Bollywood battles paid reviews and fake sale claims

November 18, 2025

Asian markets bounce as Nvidia takes centre stage amid AI bubble fears

November 18, 2025

Ultra-processed foods a rising threat to health: researchers

November 18, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.