Tiếng Việt1. Why Musk leaves DOGE?
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Musk’s departure from DOGE is influenced by a combination of legal limitations and mounting personal pressures. As a “special government employee,” a position created in 1962 to bring in temporary experts, Musk’s tenure was capped at 130 days within a year. This constraint means his time at DOGE was always set to end by late May 2025. In a Fox News interview, Musk hinted at his planned exit, explaining that his mission was to achieve the majority of the $1 trillion deficit reduction goal within his allotted time, suggesting that his departure was always part of the plan.
However, beyond the legal limit, Musk’s extensive business commitments have played a crucial role in his decision to leave. Tesla, his flagship company, has faced significant challenges since he assumed his role at DOGE. The company’s stock price has dropped nearly 50% from its December 2024 peak, largely due to consumer backlash linked to Musk’s political involvement. Protests at Tesla showrooms around the world and a 12-year low in annual sales have prompted many investors to push for Musk’s return to the company. Musk himself acknowledged the toll in a recent interview, calling his role at DOGE “a very expensive job” that has strained his leadership of Tesla, SpaceX, and X, leading him to refocus on his core ventures.
2. Musk’s Journey at DOGE
When Musk took over DOGE, he brought with him his signature “chainsaw” approach to government spending. Over the course of three months, he led efforts to reduce budgets across several federal agencies, targeting departments such as the U.S. Agency for International Development (USAID) and the U.S. Institute of Peace. His team implemented spending freezes, paused programs, and reduced staff through buyouts or layoffs. Musk was quick to downplay the layoffs, insisting that “hardly anyone got fired,” attempting to soften public perception.
However, DOGE’s aggressive actions were met with significant backlash. Numerous lawsuits were filed by affected agencies, and the public reaction was fierce. A federal judge in Maryland even issued an injunction limiting DOGE’s attempts to dismantle USAID, ruling that Musk lacked the constitutional authority to make such sweeping changes. Public opinion became sharply divided, with a March 2025 NBC News poll revealing that 51% of Americans viewed Musk negatively, while only 39% supported his efforts. In an attempt to defend his record, Musk appeared on Fox News, stressing that his cuts did not target essential services like Social Security, though his efforts to repair his image were ultimately unsuccessful.
3. Impact on Dogecoin and the Crypto Market
The coincidental naming of DOGE (Department of Government Efficiency) and Dogecoin, the meme cryptocurrency Musk has long championed, sparked speculation among crypto enthusiasts. Shortly after Trump’s inauguration, the official DOGE website briefly displayed the Shiba Inu logo of Dogecoin, leading many to wonder if Musk might incorporate the coin into government plans. However, those hopes were dashed during a March 31 speech in Green Bay, Wisconsin, where Musk definitively stated, “There are no plans for the government to use Dogecoin or anything like that.” He clarified that the name DOGE was merely a playful nod to internet suggestions, with no ties to cryptocurrency.
Musk’s statement caused a 3.2% drop in Dogecoin’s price, bringing it down to $0.16 in just 24 hours, disappointing many fans who had once hailed Musk as the “Dogefather.” Despite this, Musk’s long-standing support for Dogecoin remains. He has described it as an exception among meme coins, hinting at its potential beyond its humorous origins. However, during his time at DOGE, Musk refrained from discussing cryptocurrency on social media, focusing instead on his political mission and signaling a temporary shift away from his market-moving influence on crypto.
4. What happens after Musk leaves DOGE?
As Musk prepares to leave DOGE by late May 2025, President Trump has indicated that cabinet secretaries will take over the cost-cutting efforts Musk initiated. Trump emphasized that these secretaries, trained by Musk, would shift from a “chainsaw” approach to a more refined “scalpel” approach, suggesting a more surgical continuation of the reforms. Since DOGE functions as a temporary advisory panel rather than a formal government agency, questions remain about whether Musk’s momentum for reform will continue without his direct involvement.
For Musk, the next chapter seems to be a return to his core businesses, particularly Tesla, where he will address the brand crisis and growing competition in the electric vehicle market. Analysts, such as Dan Ives of Wedbush Securities, see Musk’s return to Tesla as a potential “buying opportunity” for the company’s stock, though rebuilding consumer trust will take time. Musk is also expected to redirect his focus to SpaceX, X, and other ventures while maintaining his knack for shaking up the crypto market with casual comments—an influence he’s effectively wielded before. Though his role in DOGE may be ending, Musk’s broader impact on global markets and technology will continue to shape the future.
5. Conclusion
Musk’s exit from DOGE marks the end of a brief yet tumultuous chapter in his extraordinary career. From tech mogul to government reformer, he pursued an ambitious $1 trillion spending reduction with unrelenting vigor, only to face significant resistance and unintended consequences for his businesses. While Musk did not integrate Dogecoin into government initiatives as some hoped, his influence over cryptocurrency and global finance remains undeniable.
As he shifts back to Tesla and his entrepreneurial roots, Musk will likely continue to make waves in the tech and financial sectors, leaving the world eagerly watching his next move. Despite leaving DOGE behind, Musk has proven once again that his capacity for disruption and innovation is far from over.
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