
Goodbye, Elon: A rich man takes his toys, then up and leaves
Elon Musk, we hardly knew ye.
Mercifully.
In a week where SpaceX had yet another 'rapid unscheduled disassembly,' so went Elon Musk's ultimate (we think?) departure from Washington.
He is packing up his lobbyists, his hopes of moonlighting as a policy puppet-master, and heading back to where the Wi-Fi is strong and the regulations weak. And while his fans weep into their Dogecoin wallets, the rest of us — lawmakers, regulators, and the general population who prefer their billionaires less performatively chaotic — can give a sigh of relief.
Good riddance, Elon.
Musk's Beltway blitzkrieg never really worked. Despite the Tesla CEO's best efforts to ingratiate himself with both parties — inviting Republicans to his rocket factory one week and cozying up to Democrats the next — he always seemed like someone trying to crash a party to which he hadn't been invited.
And now, he has announced that he's dialing back his political spending — on cue, like a gambler blaming the dealer and leaving the table after blowing his stack on bad bets.
In an exclusive sit-down with CBS Sunday Morning, Musk declared he was 'disappointed' by the domestic policy bill passed last week by House Republicans — yes, Republicans — which came with a price tag he found distasteful. Never mind that the bill was heavily backed by none other than President Trump, his favorite on-again, off-again political prom date. Musk, the self-appointed champion of fiscal restraint, recoiled at the cost like someone shocked to find the champagne he ordered actually came with a bill.
This comes from the same man who, until recently, had been the unofficial head of the Department of Government Efficiency — DOGE, naturally — an imaginary agency named after his favorite meme coin (because of course it was).
For a while, Musk really seemed to think he could be the tech whisperer of Washington, giving TED Talks on the Hill and issuing policy edicts from his phone like a boy king with a satellite internet connection. He brought big ideas — universal basic income, Mars colonies, underground hyperloops — but he never stayed focused long enough to explain how any of them might actually work.
In other contexts, he may have been a visionary. But in Washington, he wasn't a visionary — he was just a weird distraction.
When he wasn't tweeting insults at sitting senators or live-fact-checking the FTC during dinner, he was poking the bear at every regulatory agency within a five-mile radius. His approach to governance was simple: move fast, break things, blame the deep state, and threaten to relocate your factory to the moon.
He misunderstood Washington from the jump. He thought it was a marketplace for ideas when it's really a symphony of negotiation. He expected applause for disruption when the currency here is stability.
So now he's doing what any billionaire does when he doesn't get his way—he's pouting, packing up, and going home. And you know what? That's just fine.
Washington has enough on its plate — the AI arms race, data privacy nightmares, deepfakes of Joe Biden doing backflips off a tank. We don't need Elon Musk wandering around the Capitol like a Reddit post come to life, arguing with senators about pronouns and infrastructure.
This isn't the last we'll hear from him, I'm sure. Musk is like glitter — loud, flashy, and impossible to fully clear away. He'll pop up in SEC filings, FCC dockets, and FDA debates over whether brain-chip side effects count as 'enhanced cognition.' He'll keep applying for government contracts while pretending government is the problem.
But for now, the man himself is stepping back. That alone is worth celebrating. Because Musk never really wanted to shape policy — he wanted to shape mythology: the mythology of the ungovernable genius; of the lone innovator battling the forces of mediocrity (that is, public servants); of a future dependent not on collective progress, but on one guy with a phone and a flamethrower.
He told us that the future would be built by visionaries like him. What he didn't say is that we'd all be paying for it with tax credits, federal grants, and the occasional Twitter meltdown.
The real work of democracy is quiet, slow, and largely un-tweetable. It's people writing dense policy memos, updating transportation safety standards, holding three-hour committee hearings on battery disposal. It's not sexy, it's not livestreamed, and it sure as hell isn't driven by vibes.
So if this is really it — if Elon Musk is heading back to Austin, Boca Chica, or whatever undisclosed bunker he's building to survive the apocalypse he helped accelerate — we should take the win.
This is a chance to refocus on real solutions, not cults of personality; on ideas that outlive their inventors; on a system where progress isn't dictated by whims.
Let us not mourn his absence. Let us remember it as a lesson — that being loud isn't being right, and that disruption, untethered from responsibility, is just noise.
Don't let the spaceship door hit you on the way out.
Aron Solomon is chief strategy officer for AMPLIFY and has taught entrepreneurship at McGill University and the University of Pennsylvania.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Departure of Tesla's humanoid robot boss caps tough week for Elon Musk, amid bitter fallout with Trump
It's been a difficult week for Tesla. Not long after Elon Musk and President Donald Trump's very-public social media spat led Tesla shares to take their greatest single-day drop ever on Thursday—erasing $152 billion off its market cap—one of Tesla's top engineers confirmed on social media late Friday afternoon that he was leaving the company. Milan Kovac, who oversaw the development of Tesla's 'Optimus' humanoid robot posted on X that he had made 'the most difficult decision of my life' and would be 'moving out of my position,' confirming a Bloomberg report from earlier Friday afternoon that he was departing the company. 'I've been far away from home for too long, and will need to spend more time with family abroad,' he wrote in the post. 'I want to make it clear that this is the only reason, and has absolutely nothing to do with anything else. My support for [Elon Musk] and the team is ironclad—Tesla team forever.' Musk later replied to the post on X, thanking Kovac for his contributions to the company and saying it had been an 'honor' to work with him. The departure is a meaningful one for Tesla. Musk has repeatedly made public statements staking the future of the company on Tesla's self-driving software and its yet-to-be-released humanoid robot product. Musk has claimed that the Optimus robot, specifically, could generate 'north of $10 trillion in revenue' for Tesla and be its biggest product ever. It's largely his bullishness on these AI-powered initiatives that have contributed to Tesla's soaring stock price, which some analysts have argued is divorced from reality. Kovac's departure raises questions over the future direction of Optimus, and whether Tesla will successfully be able to develop, manufacture, and deliver the humanoid robots. Bloomberg reported that Ashok Elluswamy, who leads Tesla's Autopilot, would be taking over responsibilities for Optimus. Tesla had already been criticized for overselling the capabilities of Optimus after it failed to alert attendees of its 'We, Robot' launch event that humans were apparently remotely controlling the robots. (Kovac had confirmed in a social media post after the event that the robots were human-assisted 'to some extent') The departure of one of Tesla's top engineers adds to what has already been a troubling week for the electric vehicle maker. Tesla's shares tumbled this week as President Trump and Musk took to their respective social media platforms to hurl insults at one another. Trump accused Musk of being frustrated that EV credits for Tesla cars would go away as part of the 'Big Beautiful Bill,' while Musk accused the president of irresponsible spending with the proposed legislation. The conversation spiraled into insults and even discussions of cutting SpaceX contracts with NASA as the partnership between the two figures very publicly imploded. Adding to Tesla's woes, Wall Street investment bank Goldman Sachs issued a note to investors on Thursday forecasting weaker-than-expected sales of Tesla cars in the second quarter. Tesla shares recovered some ground on Friday as Musk said he was open to making amends with Trump, though the stock still finished the week down 14% from January (still, Tesla shares are trading nearly 66% higher than they were this time last year.) In his social media post, Kovac recounted how he had joined Tesla in 2016 as an engineer on its Autopilot team and that he had transitioned to lead the Optimus group in early 2022 when Tesla had 'nothing but a couple Kuka arms arranged upside-down,' referring to the industrial robotic arms that are often used in automated factory systems. Tesla did not respond to an immediate request for comment on Kovac's departure. This story was originally featured on
Yahoo
35 minutes ago
- Yahoo
Why EchoStar Bounced Back Today
EchoStar issued a press release touting its new 5G-enabled tablet. The FCC recently threatened EchoStar's spectrum holdings, alleging it hadn't been building its 5G network fast enough. Elon Musk's public spat with Donald Trump may also, believe it or not, account for the rise, since Musk's SpaceX wants EchoStar's spectrum. 10 stocks we like better than EchoStar › EchoStar (NASDAQ: SATS) shares were bouncing back today, up 10% as of 2 p.m. ET. EchoStar's shares have been under severe pressure since the beginning of the year, but especially in the past week. That's because management decided to not make two separate interest payments on its debt, as it awaits a decision from the FCC regarding its spectrum. Management has a 30-day grace period to do so before the company is technically in default. The spectrum debate has to do with the pace of EchoStar's 5G rollout, and is also indirectly linked up with Elon Musk's SpaceX. Back in May, the new Trump-appointed FCC director sent a letter to EchoStar, stating that the extension it was granted to complete its 5G network buildout by the prior administration was under review. EchoStar had purchased valuable spectrum years ago, on the terms that it would build a 5G network to increase competition in the industry. However, EchoStar's buildout has been slow, which is perhaps not surprising, given its declining legacy business in satellite TV. In an interesting wrinkle, Musk's SpaceX had led a campaign to win more satellite spectrum for its own services, including the spectrum held by EchoStar. That may have played a part in the FCC's initiation of a review, given Musk's ties to the Trump administration. However, late yesterday, EchoStar issued a press release introducing its new Boost Mobile Celero tablet, the Celero5G TAB, a low-cost tablet that takes advantage of EchoStar's 5G network. While normally not that significant, the announcement of a new 5G product could go a ways toward making EchoStar's case to the FCC that it deserves to keep its spectrum. Furthermore, it appears Musk's relationship with the Trump administration is now on the outs, given Musk's storm of posts today criticizing the administration and Republicans in Congress for the deficit expansion in the "Big, Beautiful Bill" making its way through Congress. If Musk and Trump have a falling out, then the FCC may not aggressively pursue EchoStar's spectrum on behalf of SpaceX, if SpaceX's campaign was in fact a motivating factor in initiating the review. EchoStar's stock has been punished severely, so it could make for a turnaround play if in fact it's able to deploy 5G to more areas and grow its low-cost Boost Mobile offerings. However, its high debt, declining legacy satellite TV business, and unresolved battle with the FCC remain big risks. Betting on a big recovery is a highly risky proposition, and only appropriate for speculators at this point. Before you buy stock in EchoStar, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and EchoStar wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why EchoStar Bounced Back Today was originally published by The Motley Fool
Yahoo
an hour ago
- Yahoo
Stocks rally as Trump-Musk feud cools down
Stocks rally as Trump-Musk feud cools down originally appeared on TheStreet. Crypto stocks bounced back on June 7 as both President Donald Trump and Tesla (Nasdaq: TSLA) boss Elon Musk retreated from their big, ugly feud from the previous day. Strategy (Nasdaq: MSTR), which had dipped around 6% yesterday, was trading at $375.01 at press time, up 1.69% a day. Helmed by Michael Saylor, the company is the largest public Bitcoin treasury company. The largest U.S. crypto exchange Coinbase (Nasdaq: COIN) had slipped as much as 10% the day before. The stock, which made it to the much-coveted spot on the S&P 500 in May, was trading at $254.31, up 4% a day. The crypto and stock trading exchange Robinhood (Nasdaq: HOOD) dipped around 8% on the day of the feud. It was trading at $76.24, up 5% a day. The story of Bitcoin miners was no different as the two men engaged in a heated public exchange over social media and press briefings on June 6. MARA Holdings (MARA) fell as much as 7% yesterday but was trading at $15.93, up 7.02% a day. Hut 8 Group (HUT) had similarly slipped by 7% the day before but rallied an impressive 14.83% to trade at $18.74. HIVE Digital (Nasdaq: HIVE) had slid around 9% yesterday and made the same recovery of 9% today to trade at $2.0042. Bitdeer (Nasdaq: BTDR) had also slipped 9% and successfully recovered by 11% to trade at $14.07 today. Notably, the stablecoin issuer Circle Internet Group (NYSE: CRCL) made an impressive debut on the day of the feud. CRCL was trading at $116.07 at press time, up 40% a day. Musk, who quit the Department of Government Efficiency (DOGE) by the end of May, has been criticizing Trump's "big, beautiful bill" since then. The disagreement escalated into an ugly public exchange the previous day that shook the markets. Stocks rally as Trump-Musk feud cools down first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Sign in to access your portfolio