DOGE
Elon Musk’s cost-cutting war on Uncle Sam hits his own wallet; world's richest man loses 25% of fortune in bid to dismantle wasteful spending
Elon Musk's fortune crash has shocked investors as the billionaire lost 25% of his wealth—over $113 billion—after joining Trump’s government project, DOGE. Tesla stock plunged 33%, wiping out $448.3 billion in value, as public backlash soared. Musk’s bold role in Washington brought influence and controversy, helping SpaceX, XAI, and X (formerly Twitter), but hurting his image. With rising disapproval and pressure from investors, Musk is now stepping back from government work. This powerful and personal shift raises questions about what’s next for Tesla and Musk’s empire. Here’s the full story behind the money, politics, and fallout
'100 days of destruction': Elon Musk's alliance with Trump cost him $113,000,000,000 as he nears 130-day DOGE stint
Elon Musk is stepping back from his role in the Trump administration's cost-cutting team, DOGE, amidst Tesla's earnings plunge. His involvement granted unprecedented access and influence, benefiting SpaceX and X, formerly Twitter. However, Tesla faced backlash, with a significant stock drop and protests. Musk's departure raises questions about the sustainability of DOGE's cost-saving measures and his future advisory role. Elon Musk lost 25 percent of his wealth after he joined DOGE.
Report reveals how DOGE boss Elon Musk dodged $2.37 billion in fines
A report suggests Elon Musk potentially avoided $2.37 billion due to his role in the Trump administration. As head of the Department of Government Efficiency, investigations into Musk's companies diminished. This benefited his enterprises. The DOJ withdrew a discrimination case against SpaceX. Tesla still faces legal challenges. Musk announced his departure from DOGE to focus on Tesla.
Is Elon Musk tearing down the agency that helped build Tesla? DOGE targets the Department of Energy
Fifteen years ago, a US Department of Energy loan of $465 million rescued Elon Musk's struggling Tesla, enabling factory acquisition and Model S development. Now, Musk's team, within the Trump Administration's DOGE, targets the DOE for drastic cuts. This initiative has led to significant staff layoffs and project cancellations by companies like Kore Power and PG&E.
Elon Musk’s DOGE claims $160 billion in savings, but new report warns it could end up costing taxpayers $135 billion instead
Elon Musk's DOGE faces criticism. Analysis suggests its cost-cutting measures may burden taxpayers. A study reveals unforeseen effects of DOGE's actions. It cites paid leave and rehiring costs. The White House defends DOGE's efforts. IRS cuts could lead to significant tax revenue loss. Experts warn of potential economic losses due to reduced funding in health and science research.
How much do DOGE staffers really earn? Reports suggest their salaries far exceed Elon Musk’s 'zero compensation' claim
Despite Elon Musk's claims of working for free, his Department of Government Efficiency (DOGE) staff is reportedly earning six-figure salaries, funded by taxpayers. While Musk’s team boasts $160 billion in savings, a nonpartisan analysis reveals that his reforms have cost taxpayers $135 billion due to staff layoffs, rehires, and lost productivity. The controversy continues to grow.
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Elon Musk lays groundwork for big donor role in midterm elections as time with DOGE ends
Elon Musk is reportedly scaling back his White House role to focus on becoming a major Republican megadonor for the upcoming midterm elections. Despite facing public disapproval and controversies surrounding his companies, Musk intends to remain an influential advisor to Trump while investing heavily in Republican candidates.
Is Elon Musk really leaving DOGE? Entrepreneur David Sacks says it might be his strategy to doge the public focus
Elon Musk plans to reduce his involvement with the Department of Government Efficiency (DOGE) to focus on Tesla, following a significant profit drop. However, Silicon Valley entrepreneur David Sacks suggests Musk is shifting to strategic management rather than completely leaving. Sacks believes Musk will delegate more responsibilities after establishing a solid foundation.
What Elon Musk didn't budget for: Firing workers costs money, too
Donald Trump and Elon Musk's initiative, Department of Government Efficiency, aimed to cut government spending. However, savings are far less than promised. Firings and rehirings have cost taxpayers billions. Experts say Musk's methods are wasteful and legally questionable. The administration defends the cuts as necessary for efficiency.
Donald Trump explodes at Rupert Murdoch, blasts Fox News’ ‘fake pollster’ after network publishes poll showing the President's record-low approval
Donald Trump is again at odds with Fox News over a recent poll showing his approval ratings at record lows 100 days into his second term. Trump vented his frustration on Truth Social, attacking Rupert Murdoch and Fox's polling team.
Elon Musk’s DOGE claimed to have saved $160 billion, but it may have cost Americans atleast $135 billion
Elon Musk's Department of Government Efficiency (DOGE) claims significant savings, but a new report suggests its policies could cost taxpayers billions due to unintended consequences like paid leave and rehiring terminated employees. Productivity declines and lost tax revenue further offset any direct savings, raising questions about the initiative's overall effectiveness and Musk's future role.
Elon Musk pulls back from Trump's DOGE role to refocus on Tesla
Musk posted a picture of himself wearing an X-branded t-shirt, instead of the "Tech Support" and "DOGE" t-shirts he has frequently been wearing since Donald Trump returned as US President. The post comes days after Tesla’s earnings call, where the car maker reported a 20% fall in car sales and a massive 70% plunge in Q1 2025. Musk addressed growing shareholder concerns over his divided focus.
Not just the Left, Elon Musk is fighting battles on multiple fronts, including with MAGA activists. Now, Steve Bannon says this about DOGE
Steve Bannon has reignited his feud with Elon Musk, accusing him of prioritizing personal gain over national interests, particularly concerning the DOGE initiative. Bannon's criticism follows reports of a heated argument between Musk and Treasury Secretary Scott Bessent, revealing deeper divisions within Donald Trump's economic team. Bannon champions Bessent as a trustworthy figure for the markets, contrasting him with Musk.
DOGE-themed malware mocks Elon Musk, demands $1 trillion in ransom
A new round of Fog ransomware group-linked malware attacks has surfaced, taunting victims with DOGE-themed messages referencing Elon Musk. The newest strain asks for an outrageous $1 trillion and invites victims to share the malware. Humour notwithstanding, the attacks are serious, focusing on critical sectors and using phishing emails for entry. Regulators have alerted organisations not to underestimate the threat.
As Tesla earnings drop, Elon Musk issues dire warning: ‘America’s collapse would be Tesla’s too, there’s no escape plan’
Tesla's recent earnings report revealed a significant downturn, with revenue and sales declining sharply. CEO Elon Musk cautioned that Tesla's fate is intertwined with the United States. Critics attribute Tesla's struggles to Musk's political involvement, citing boycotts and protests. Musk defended his actions, announcing a renewed focus on Tesla and reduced involvement with DOGE work to address shareholder concerns.
Elon Musk's DOGE a flop? It caused chaos rather than saving billions for Trump
Tech billionaire Elon Musk has announced he would turn his attention back to the electric vehicle maker but said he would likely still work in government as long as President Trump would have him. An advisory body created by Trump, DOGE was spearheaded by Musk to make the federal bureaucracy more efficient. It has completed 100 days.
Elon Musk backs away from Washington. Why did he face massive criticism over DOGE role and Tesla?
Tesla CEO Elon Musk said Tuesday on his company’s earnings call that he’ll spend much less time with DOGE starting in May. His political involvement has sparked global protests and boycotts against the company's cars. Musk's EV company Tesla has also faced massive protests over his controversial role in the federal government.
'We expected him to...': Trump on why Elon Musk will spend less time at DOGE amid Tesla trouble
Elon Musk recently announced that his time spent running US President Donald Trump's Department of Government Efficiency (DOGE) "will drop significantly" starting in May. His decision came after profits of his electric car company Tesla took a hit. President Trump has now revealed the reason why he had to let go of Elon Musk.
Trump's cabinet ready to take back power with Elon Musk stepping back, sources say
As Elon Musk reduces his involvement with the Department of Government Efficiency (DOGE), President Trump's cabinet is poised to regain control over budgets and staffing. Musk's departure raises questions about the future of DOGE's cost-cutting initiatives, which have faced internal resistance. Cabinet secretaries aim to implement targeted spending cuts, potentially diminishing the influence of young engineers hired by Musk.
Is Pete Hegseth locked in a secret battle with Elon Musk over military staffing and spending? Here's what reports say
A conflict is ongoing between Defence Secretary Pete Hegseth and Elon Musk. The disagreement is about staffing and spending within the Defence Department. Musk wants to reduce civilian positions by 200,000 to save money. Hegseth resists, fearing it will cripple critical functions. President Trump aims to increase military spending. Musk replaced an official unwilling to make deep cuts.
Elon Musk steps back from Trump administration: What will happen to DOGE? Here's what to expect
Tesla shareholders are pressuring Elon Musk to resign from his government position at the Department of Government Efficiency (DOGE) and fully dedicate himself to the EV maker. This comes as Tesla's profits plummeted by 71% in the first quarter of 2025. Musk defended his government work, stating its necessity, but indicated a shift back to Tesla starting in May.
Elon Musk, Donald Trump's main backer during U.S elections 2024, may leave politics very soon; here's the reason he cited
Elon Musk, a key supporter of US President Donald Trump, may resign from his government role. Reports suggest he is tired of unethical attacks. His departure date from the Department of Government Efficiency is unclear. Analyst Dan Ives urges Musk to refocus on Tesla. Ives believes Tesla faces brand damage due to Musk's political involvement.
Tesla bull warns of 'code red' if Elon Musk sticks with DOGE
Wedbush analyst Dan Ives urges Elon Musk to prioritize Tesla amid concerns that his involvement with the Department of Government Efficiency (DOGE) and association with Trump's policies are damaging the brand. Ives believes Tesla faces a critical moment, with potential demand destruction and a significant stock drop.
Elon Musk's DOGE savings faces backlash as $1 billion vanishes overnight amidst cost-cutting claims
Elon Musk's DOGE savings just took a major hit as nearly $1 billion vanished overnight from the agency’s website. The Department of Government Efficiency, led by Musk, removed hundreds of grants and contracts from its public savings list without warning. One major cut, a $1.1 billion contract with the Acacia Center for Justice, was completely erased. This sudden change is raising serious questions about the accuracy and transparency of DOGE’s savings.
Elon Musk’s DOGE shaves off nearly $1 billion in ‘savings’ overnight, internet left chasing receipts
Elon Musk’s Department of Government Efficiency (DOGE) has mysteriously removed nearly $1 billion in claimed savings from its website, sparking controversy. Once boasting $65 billion in federal cuts, DOGE now faces criticism over unverifiable figures and opaque accounting. Despite pledging transparency, the sudden deletion raises concerns about accountability and the true impact of Musk’s cost-cutting crusade.
Big blow to Elon Musk as US judge imposes new restrictions on DOGE's access to Social Security data: 10 points
Tech mogul Elon Musk received a big jolt after a federal judge on Thursday blocked Elon Musk’s so-called “department of government efficiency” (Doge) from accessing social security records as part of its hunt under Donald Trump for fraud and waste. The judge also ordered DOGE to “disgorge and delete” any non-anonymized data it has obtained from the SSA since Trump took office.
US judge limits Elon Musk's DOGE access to social security data
The order is the latest legal challenge to Musk and DOGE's drive to slash outgoings deemed wasteful or contrary to President Donald Trump's policies. It comes after SSA chief Michelle King reportedly quit in February over DOGE's requests to access Social Security recipient information.
Federal judge in Baltimore temporarily limits DOGE access to Social Security data
A federal judge has restricted Elon Musk's Department of Government Efficiency's access to Social Security systems, citing privacy concerns. Judge Ellen Hollander issued a preliminary injunction after labor unions and retirees protested DOGE's access to sensitive personal data. The ruling allows access to redacted data only after training and background checks.
DOGE breach sparks cybersecurity crisis as Russian IP tries to access Federal Labor Systems, Senate receives urgent complain
A major cybersecurity incident has surfaced. A whistleblower revealed a data breach at the National Labor Relations Board. Department of Government Efficiency (DOGE) allegedly scraped sensitive data. Soon after, a Russian IP address tried to access the system. Security measures were reportedly disabled. This incident raises concerns about potential foreign intelligence involvement. The Senate Intelligence Committee is investigating the matter.
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