Zürcher Nachrichten - Elon Musk's rocket-fueled ride with Trump flames out

EUR -
AED 4.306153
AFN 75.0429
ALL 95.503739
AMD 434.75432
ANG 2.098709
AOA 1076.390828
ARS 1633.24778
AUD 1.628526
AWG 2.110569
AZN 1.997971
BAM 1.957785
BBD 2.362126
BDT 143.899979
BGN 1.955914
BHD 0.44281
BIF 3489.474751
BMD 1.172539
BND 1.496038
BOB 8.103802
BRL 5.808644
BSD 1.172804
BTN 111.252582
BWP 15.938311
BYN 3.309523
BYR 22981.755751
BZD 2.358712
CAD 1.59436
CDF 2720.28988
CHF 0.91605
CLF 0.026783
CLP 1054.112588
CNY 8.006387
CNH 8.009617
COP 4288.442525
CRC 533.195048
CUC 1.172539
CUP 31.072272
CVE 110.746729
CZK 24.373212
DJF 208.384014
DKK 7.475055
DOP 69.770598
DZD 155.365983
EGP 62.894658
ERN 17.588078
ETB 184.088973
FJD 2.570327
FKP 0.860939
GBP 0.862002
GEL 3.142861
GGP 0.860939
GHS 13.136953
GIP 0.860939
GMD 85.595732
GNF 10289.026269
GTQ 8.959961
GYD 245.356495
HKD 9.186899
HNL 31.213432
HRK 7.537125
HTG 153.631453
HUF 363.42071
IDR 20325.193765
ILS 3.451755
IMP 0.860939
INR 111.286226
IQD 1536.025512
IRR 1540715.666567
ISK 143.847483
JEP 0.860939
JMD 183.766277
JOD 0.831376
JPY 184.174195
KES 151.433806
KGS 102.503912
KHR 4704.815418
KMF 492.466605
KPW 1055.342165
KRW 1728.0057
KWD 0.36031
KYD 0.977362
KZT 543.223189
LAK 25772.39793
LBP 105000.828342
LKR 374.82671
LRD 215.600573
LSL 19.53494
LTL 3.462202
LVL 0.709257
LYD 7.446066
MAD 10.847448
MDL 20.206948
MGA 4866.035425
MKD 61.633886
MMK 2461.86164
MNT 4196.707877
MOP 9.463379
MRU 46.86681
MUR 55.144932
MVR 18.121629
MWK 2041.980281
MXN 20.469245
MYR 4.655421
MZN 74.929587
NAD 19.534934
NGN 1613.390048
NIO 43.044332
NOK 10.900392
NPR 177.995572
NZD 1.986849
OMR 0.451129
PAB 1.172774
PEN 4.112684
PGK 5.087352
PHP 71.847345
PKR 326.874482
PLN 4.245704
PYG 7213.019006
QAR 4.272149
RON 5.203848
RSD 117.378833
RUB 87.908248
RWF 1713.665104
SAR 4.396996
SBD 9.429684
SCR 16.118093
SDG 704.113715
SEK 10.803423
SGD 1.492177
SHP 0.875418
SLE 28.848748
SLL 24587.542811
SOS 669.519913
SRD 43.920994
STD 24269.180819
STN 24.869543
SVC 10.262409
SYP 129.594933
SZL 19.534925
THB 38.122791
TJS 11.000548
TMT 4.109748
TND 3.378963
TOP 2.823192
TRY 52.931326
TTD 7.960816
TWD 37.086813
TZS 3054.463338
UAH 51.532291
UGX 4409.902668
USD 1.172539
UYU 46.771998
UZS 14011.836168
VES 573.304233
VND 30903.426254
VUV 139.40416
WST 3.183663
XAF 656.670246
XAG 0.01556
XAU 0.000254
XCD 3.168845
XCG 2.113677
XDR 0.815653
XOF 656.621982
XPF 119.331742
YER 279.771908
ZAR 19.540971
ZMK 10554.258277
ZMW 21.901789
ZWL 377.556938
  • RBGPF

    0.5000

    63.1

    +0.79%

  • CMSD

    0.1500

    23.28

    +0.64%

  • RELX

    -0.2400

    36.35

    -0.66%

  • BCE

    0.1800

    23.96

    +0.75%

  • JRI

    -0.0100

    12.98

    -0.08%

  • CMSC

    0.0600

    22.88

    +0.26%

  • BCC

    -1.1400

    78.13

    -1.46%

  • RYCEF

    0.5500

    16.35

    +3.36%

  • NGG

    -1.0600

    88.48

    -1.2%

  • RIO

    0.1000

    100.58

    +0.1%

  • VOD

    0.3500

    16.15

    +2.17%

  • GSK

    -0.7000

    51.61

    -1.36%

  • BP

    -0.9700

    46.41

    -2.09%

  • AZN

    -2.6300

    184.74

    -1.42%

  • BTI

    -0.0900

    58.71

    -0.15%

Elon Musk's rocket-fueled ride with Trump flames out
Elon Musk's rocket-fueled ride with Trump flames out / Photo: Brendan Smialowski - AFP/File

Elon Musk's rocket-fueled ride with Trump flames out

Billionaire Elon Musk once compared his work for US President Donald Trump to a 2,500-year-old religion. In the end, it lasted just four turbulent months.

Text size:

The world's richest man parted ways with the world's most powerful man on Wednesday amid increasing disillusion with his controversial cost-cutting role.

South African-born Musk had shown growing signs of frustration with the obstacles faced by his so-called Department of Government Efficiency (DOGE) as it tried to slash its way through the federal bureaucracy.

Once a fixture at Trump's side, dressed in the Republican president's signature T-shirts and baseball caps, the right-wing tech tycoon had already been taking a more backseat role to focus on his Space X and Tesla businesses.

And the end of one of the most extraordinary -- and criticized -- experiments in US political history earned little fanfare from the White House.

Trump himself stayed silent. White House Press Secretary Karoline Leavitt told reporters on Thursday: "We thank him for his service."

Leavitt insisted that DOGE's work would continue, adding: "The DOGE leaders are each and every member of the president's Cabinet and the president himself."

Perhaps the most fulsome tribute came from Katie Miller, a DOGE advisor and the wife of Trump's Deputy Chief of Staff Stephen Miller, who posted an earlier quote from Musk saying: "DOGE is a way of life, like Buddhism."

- Rocket-like rise -

The 53-year-old Musk's rise in Trump's orbit was as rapid as one of the Space X rockets with which he hopes to start the human colonization of the planet Mars.

Already a confidant since becoming the biggest donor to Trump's 2024 election campaign, Musk defied predictions that two such big egos could never get along.

DOGE launched onto the scene with a rampage through the US government, as young tech wizards who slept in White House offices cut tens of thousands of jobs and shuttered whole departments.

Critics dubbed Musk the "co-president" and before long, his imposing figure was almost overshadowing the reality TV president himself.

The tycoon appeared with his young son X on his shoulders during his first press conference in the Oval Office, and in the first feverish weeks, Musk was a far more frequent presence by Trump's side than First Lady Melania Trump.

They rode on Air Force One and Marine One together. They watched cage fights together. Musk stayed in the White House's Lincoln Bedroom and Trump's Mar-a-Lago resort in Florida.

Trump himself remained publicly loyal to the man he called a "genius," despite his reputation as someone who hates to share the spotlight.

One day, the president even turned the White House into a pop-up Tesla dealership after protesters targeted Musk's electric car business.

- 'Got into fights' -

Yet the socially awkward tech magnate also struggled to get a grip on the realities of US politics.

The beginning of the end "started (in) mid-March when there were several meetings in the Oval Office and in the cabinet room where basically Elon Musk got into fights," Elaine Kamarck of the Brookings Institution told AFP.

The magnitude of the task facing DOGE began to weigh on the tycoon.

The impact on Musk's businesses also began to hit home. A series of Space X launches ended in fiery failures, while Tesla shareholders pushed him to spend more time at the company.

Finally, Musk showed the first signs of distance from Trump himself, saying he was "disappointed" in Trump's recent mega spending bill and complaining that DOGE had become a "whipping boy."

Musk also said he would pull back from spending time on politics.

His last public appearance with Trump to date was in the Oval Office a week ago, when the US president ambushed his South African counterpart Cyril Ramaphosa with claims of the "genocide" of white farmers, a theory pushed by Musk himself.

Standing next to reporters, Musk stared at the South African leader -- but maintained a stony silence.

But Musk's departure might not be the end of the story, said Kamarck.

"I think they genuinely like each other and I think Musk has a lot of money that he can contribute to campaigns if he is so moved. I think there will be a continued relation, just not the one we saw," she said.

N.Fischer--NZN