Stock shares in Tesla jumped Wednesday after reports suggesting Elon Musk could leave the White House and his Department of Government Efficiency role. Tesla stock was up about 5% at one point during the day amid the reports that the White House called "garbage.

The report — which cites Trump insiders — noted that, while President Donald Trump is pleased with Musk and the DOGE spending cuts that have been pushed through, the two decided in recent days that the billionaire would soon return to his businesses.

President Donald Trump told the Cabinet that world’s richest man Elon Musk will leave his administration post "soon," according to a Politico report. Musk’s involvement in the