Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Finance

Elon Musk to scale back White House advisory role and refocus on business interests

Billionaire entrepreneur Elon Musk is set to step back from his advisory role within the Trump administration, according to reports from Politico.

US President Donald Trump is said to have informed close aides that Musk will return his attention to his business ventures in the coming weeks, having overseen what has been described as an “unprecedented programme” of government cost-cutting during his time advising the White House.

Despite recent speculation about tensions behind the scenes, Trump is understood to remain satisfied with Musk’s contributions, crediting the Tesla and SpaceX chief executive with helping to drive significant budgetary efficiencies.

However, Politico reports growing concern among senior officials that Musk, 53, had begun to overstep his advisory remit, leading to his influence becoming more of a liability than an asset.

While no formal statement has yet been made by either Musk or the White House, sources suggest the transition has been agreed internally, allowing Musk to refocus on his portfolio of technology and infrastructure ventures — including Tesla, SpaceX, X (formerly Twitter), and xAI.

The move marks a shift in Musk’s recent visibility in Washington, where he had become a high-profile voice in discussions around federal spending, regulation, and public sector innovation.

    You May Also Like

    Stock Markets

    BW FILE PHOTO By Revin Mikhael D. Ochave, Reporter THE RECENTLY ANNOUNCED move of the Philippine Stock Exchange (PSE) to lower the minimum public...

    Finance

    The Hollywood owners of Wrexham AFC, Ryan Reynolds and Rob McElhenney, are on the hunt for new investors as they continue their ambitious push...

    Finance

    The UK’s life sciences sector is falling behind international competitors, missing out on an estimated £15 billion a year over the past decade due...

    Finance

    Uber has announced the nationwide expansion of its pioneering childcare support scheme, offering more than 100,000 drivers across the UK access to free, flexible...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.