At what might have been his last Cabinet meeting for the foreseeable future, billionaire presidential adviser Elon Musk donned two baseball caps, one stacked atop the other. The first, emblazoned with the name of his government-slashing “DOGE” agency,

The president dodged responsibility for the stock market’s drop since he took office while playing up other economic accomplishments.

Members of President Donald Trump‘s Cabinet applauded Elon Musk during Wednesday’s meeting after the president alluded to his imminent departure from the Department of Government Efficiency. Musk’s special government contract is set to expire next month,

Robyn Denholm, who leads Tesla’s board, said on social media that board members were “highly confident” in Mr. Musk, the company’s chief executive.

The Wall Street Journal reported on Wednesday that board members began searching for a new CEO amid Tesla's stock slump.

With profits and the stock price sinking, board members told Musk he needed to spend more time at the company.