Elon Musk recently said he'd take a step back at DOGE to focus more on Tesla, which reported disappointing Q1 earnings amid several difficult months.

Elon Musk might soon be leaving Washington, but he says DOGE needs to be a long-term project. Musk insisted in a TV interview that the project to slash government spending and eliminate entire agencies ought to endure amid signs that he may soon step away from the effort and return to his struggling electric car company.

Billionaire Elon Musk said the Department of Government Efficiency needs to examine the Federal Reserve's spending amid its cost-cutting push across the federal government.