President Donald Trump has informed close advisers and his Cabinet that Elon Musk will soon be stepping back from his prominent role as a key adviser, according to a Wednesday morning report by Politico.

The news outlet said it spoke with three individuals familiar with the discussions, who spoke on condition of anonymity.

Why It Matters

Trump's alleged remarks come after weeks of speculation over Musk's potential role in the administration—speculation that ramped up following the defeat of a Trump-endorsed judicial candidate in Wisconsin on Tuesday. Musk, who had heavily funded and promoted the campaign, was blamed by some political analysts and GOP strategists, who pointed to his polarizing public image as one of the key factors in the loss.

Meanwhile, Musk is also facing mounting pressure from Tesla shareholders. The company's sales fell 13 percent in the first quarter of 2025—its worst performance in nearly three years—as public backlash over his political involvement intensified.

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