Elon, you're fired (probably) 👋🏼

Bitcoin surged on rumors that X owner and DOGE chief Elon Musk might soon be ejected from President Donald Trump's administration.

Author

Stacy Elliott
April 02, 2025

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📝 What you need to know

In a unexpected twist, Elon Musk might soon be leaving his post at the Department of Government Efficiency.

Bitcoin jumped above $87,000 for the first time in a week and stock indices surged into the green—including Musk’s Tesla, which just reported a 13% decline in vehicle deliveries and wrapped up its worst quarter since 2022.

At the time of writing, TSLA shares are up 5% on the day and, like Bitcoin, the highest they’ve seen since last week.

But don’t order a goodbye sheet cake yet. This is all still unconfirmed. The rumors started because of a Politico report earlier today citing three sources close to Trump who asked not to be named.

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