The China Mail - Is Musk's political career descending to Earth?

USD -
AED 3.673042
AFN 66.000368
ALL 83.203989
AMD 382.120403
ANG 1.790055
AOA 917.000367
ARS 1397.162531
AUD 1.531159
AWG 1.80375
AZN 1.70397
BAM 1.682293
BBD 2.013023
BDT 122.133531
BGN 1.683185
BHD 0.375425
BIF 2946
BMD 1
BND 1.30133
BOB 6.906191
BRL 5.297104
BSD 0.999415
BTN 88.626159
BWP 14.228698
BYN 3.409228
BYR 19600
BZD 2.010098
CAD 1.40315
CDF 2174.000362
CHF 0.794757
CLF 0.023592
CLP 925.503912
CNY 7.09955
CNH 7.10029
COP 3757.25
CRC 500.954773
CUC 1
CUP 26.5
CVE 95.303894
CZK 20.805104
DJF 177.720393
DKK 6.425804
DOP 64.150393
DZD 130.25304
EGP 46.987226
ERN 15
ETB 155.950392
EUR 0.86005
FJD 2.30065
FKP 0.757017
GBP 0.759878
GEL 2.703861
GGP 0.757017
GHS 10.97504
GIP 0.757017
GMD 72.503851
GNF 8688.000355
GTQ 7.660548
GYD 209.038916
HKD 7.77455
HNL 26.303838
HRK 6.482904
HTG 130.932925
HUF 330.790388
IDR 16712
ILS 3.227704
IMP 0.757017
INR 88.68575
IQD 1310
IRR 42100.000352
ISK 126.820386
JEP 0.757017
JMD 160.523667
JOD 0.70904
JPY 154.54504
KES 129.203801
KGS 87.450384
KHR 4015.00035
KMF 424.00035
KPW 900.02171
KRW 1449.503789
KWD 0.30669
KYD 0.832889
KZT 523.891035
LAK 21685.000349
LBP 89550.000349
LKR 306.559549
LRD 181.000348
LSL 17.120381
LTL 2.95274
LVL 0.60489
LYD 5.455039
MAD 9.24375
MDL 16.871097
MGA 4495.000347
MKD 52.917244
MMK 2099.568332
MNT 3578.06314
MOP 8.000774
MRU 39.850379
MUR 45.650378
MVR 15.403739
MWK 1736.503736
MXN 18.318904
MYR 4.132504
MZN 63.950377
NAD 17.120377
NGN 1440.780377
NIO 36.760377
NOK 10.088804
NPR 141.801854
NZD 1.760254
OMR 0.382902
PAB 0.999415
PEN 3.365504
PGK 4.223504
PHP 59.015038
PKR 280.703701
PLN 3.63804
PYG 7042.096028
QAR 3.64075
RON 4.374304
RSD 101.247038
RUB 80.491936
RWF 1450
SAR 3.750059
SBD 8.244163
SCR 13.654864
SDG 601.503676
SEK 9.449304
SGD 1.297604
SHP 0.750259
SLE 23.403667
SLL 20969.498139
SOS 571.503662
SRD 38.589504
STD 20697.981008
STN 21.375
SVC 8.745205
SYP 11058.869089
SZL 17.120369
THB 32.330369
TJS 9.225
TMT 3.51
TND 2.978504
TOP 2.40776
TRY 42.170504
TTD 6.777226
TWD 30.569504
TZS 2440.000335
UAH 42.001858
UGX 3567.926508
UYU 39.765005
UZS 12050.000334
VES 236.162804
VND 26350
VUV 121.860911
WST 2.809778
XAF 564.142765
XAG 0.019769
XAU 0.000245
XCD 2.70255
XCG 1.801252
XDR 0.704774
XOF 563.000332
XPF 103.150363
YER 238.525037
ZAR 17.08321
ZMK 9001.203584
ZMW 22.46297
ZWL 321.999592
  • CMSD

    0.1472

    23.99

    +0.61%

  • JRI

    0.0135

    13.65

    +0.1%

  • SCS

    0.0800

    15.7

    +0.51%

  • BCC

    -0.1400

    69.04

    -0.2%

  • RBGPF

    0.0000

    75.65

    0%

  • GSK

    -0.5429

    47.18

    -1.15%

  • BTI

    -0.3500

    54.13

    -0.65%

  • RIO

    -0.4100

    70.63

    -0.58%

  • AZN

    0.4900

    89.1

    +0.55%

  • NGG

    -0.7100

    77.38

    -0.92%

  • BCE

    -0.2800

    22.83

    -1.23%

  • CMSC

    -0.0100

    23.82

    -0.04%

  • RYCEF

    -0.3600

    14.55

    -2.47%

  • VOD

    -0.0900

    12.32

    -0.73%

  • RELX

    -0.0900

    41.33

    -0.22%

  • BP

    0.5392

    36.53

    +1.48%

Is Musk's political career descending to Earth?
Is Musk's political career descending to Earth? / Photo: © AFP

Is Musk's political career descending to Earth?

Elon Musk's rise as President Donald Trump's all-powerful wingman was as rapid and unstoppable as one of his SpaceX rockets. But reports Wednesday are fueling speculation that the billionaire's political career may be coming back to Earth.

Text size:

Politico and ABC News quoted unnamed sources saying Musk could step away from an unprecedented role in which he is spearheading brutal cuts to US government services and has emerged only second to Trump as the face of the administration.

White House Press Secretary Karoline Leavitt called Politico's report "garbage." Another spokesman, Harrison Fields, said Politico is a "tabloid paper that would rather run fake news for clicks than real reporting."

However, there has been speculation from day one over how long Musk can maintain his extraordinary position, one that has seen him get so close to Trump that critics dub him the "co-president."

For two months, the world's richest person has overseen an ideologically driven crusade by the so-called Department of Government Efficiency, or DOGE. While DOGE aims ostensibly to save money, Musk has triggered widespread alarm by crippling US foreign aid programs and scientific research almost overnight.

And his prominence inside the White House has reportedly created friction in Trump's inner circle.

Not only was the South Africa-born tech mogul given a leading voice at a much-publicized cabinet meeting -- despite having no official cabinet position -- but he regularly appears with Trump in the Oval Office and flies with the president on weekends to his Florida golf resort.

Trump hinted at a gradual break-up this week, telling reporters that "at some point Elon's going to want to go back to his company."

"He wants to. I'd keep him as long as I could keep him," Trump said.

- Musk loses 'referendum' -

The reports of tension inside the White House have been growing gradually, as have questions over how long Trump -- not known for liking to share the limelight -- could put up with such an out-sized personality.

But Trump officials may want to give the Tesla, SpaceX and X magnate a harder push after his resounding flop in trying to tilt an important election in the American heartland.

Tuesday's contest to fill a vacant seat on the Wisconsin Supreme Court quickly took on national implications after Trump and especially Musk threw their weight behind the conservative candidate, Brad Schimel.

Reprising his successful 2024 campaign tactics for Trump, Musk doled out cash to voters to drum up publicity and turnout for Schimel. In all, he poured some $20 million into Wisconsin's race and campaigned in the state over the weekend.

Yet all for nothing: the Democrats' favored candidate, Susan Crawford, won handily.

There was more bad news for Musk on Wednesday when his beloved Tesla posted a 13 percent drop in worldwide first quarter results -- a slump that follows steadily declining share prices for the once stellar brand.

There's a purely bureaucratic reason Musk may have to leave the White House and his DOGE role -- his current legal status as a "special government employee" is theoretically set to expire by early June.

But analysts say the entrepreneur's political future may be decided on another level.

Andrew Koneschusky, a political communications expert and former press secretary to Senate Democratic leader Chuck Schumer, called the Wisconsin vote a "referendum" on Musk.

"Watch closely for whether vulnerable Republicans begin to distance themselves from him in the weeks and months ahead."

U.Chen--ThChM