Tech mogul Elon Musk is stepping down from his advisory role in the Trump administration, sources confirm, marking an early departure from his position as a special government employee.

According to reports, President Donald Trump informed his Cabinet and inner circle that Musk, who had been serving as an adviser in the Department of Government Efficiency, will be returning to the private sector sooner than expected. His exit comes ahead of the scheduled May deadline set for his role.

Musk’s tenure in government has been marked by ambitious cost-cutting initiatives, including a widely publicized goal of slashing $1 trillion in federal spending within 130 days. The billionaire confirmed in a Fox News interview with Bret Baier that he remains committed to seeing that mission through, despite his departure.

The decision for Musk to step back was reportedly mutual, with Trump expressing satisfaction with Musk’s contributions. However, the Tesla and SpaceX CEO’s tenure has been fraught with controversy, stemming from his aggressive approach to government downsizing and recent political expenditures.

Tesla stock has suffered sharp declines amid the turbulence, with reports of declining sales and vehicle fires adding to the company’s woes. Additionally, Musk’s $20 million investment in Wisconsin’s Supreme Court race ended in disappointment after his Republican-backed candidate lost.

As Musk pivots back to the business world, his departure raises questions about the future of the government’s efficiency efforts and his own influence on Washington politics.