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Trump said he believes Musk will be able to find $1 trillion in cuts to the federal government, after DOGE determined Tuesday it has found $55 billion in savings in the past month.
Elon Musk's trillion-dollar efficiency commission has Trump's support but needs Congress's help. Rick Newman. January 17, 2025 at 1:13 PM.
Following Trump's win, Tesla's stock surged 27% and pushed the company to a trillion-dollar market valuation. As a result, Musk's wealth on paper ballooned to more than $400 billion by December ...
According to the Committee for a Responsible Budget, Trump's proposed policies would add $7.7 trillion to the debt over the next 10 years, including $1.05 trillion of interest costs (those figures ...
As the head of President Trump’s new Department of Government Efficiency (DOGE), Tesla CEO Elon Musk has vowed to cut between $1 trillion and $2 trillion from the annual federal budget by 2026 ...
Elon Reeve Musk (/ ˈ iː l ɒ n / EE-lon; born June 28, 1971) is a businessman known for his key roles in Tesla, Inc., SpaceX, and Twitter (which he rebranded as X). Since 2025, he has been a senior advisor to United States president Donald Trump and the de facto head of the Department of Government Efficiency (DOGE).
Elon Musk directly expanded on this, claiming support of President Trump to "make rapid safety upgrades to the air traffic control system". [67] Former secretary of state Hillary Clinton was critical of DOGE's FAA safety involvement, noting that many DOGE staff were not old enough to rent a car in the United States. [ 67 ]
In May 2020, amidst Musk's restarting of Tesla assembly plant production during the COVID-19 pandemic, Trump tweeted in support of Musk, which Musk publicly thanked him for. [ 61 ] [ 62 ] According to Walter Isaacson 's biography of Musk , he reportedly did not vote in the 2020 presidential election since he believed that it was a waste of time ...