Elon Musk said he was disappointed by President Donald Trump's spending bill and that it undermines the work of DOGE.

Elon Musk's time in Washington, D.C., was an inferno. He was appointed the head of the Department of Government Efficiency (DOGE) as a top advisor to President Donald Trump, though he is not considered an official member of his cabinet — an issue that comes into play later in this story.

Investors cited declining sales, reputational damage and Musk’s growing list of outside ventures — including a now-concluded stint at DOGE.