Post

On March 11, Elon Musk said on Monday that he faced "great difficulty" in balancing the U.S. government's Department of Efficiency (DOGE) with other businesses. Tesla suffered its biggest one-day drop in five years, and its social media platform "X" suffered several cyberattacks. In an interview, Musk said that he expects to stay in the Trump administration for another year. Tesla's stock price has been falling every week since Musk joined the Trump administration as DOGE's "minister." DOGE is running a wide-ranging and controversial campaign to cut federal government spending and headcount. Tesla's market value has now "halved" from its peak, which is equivalent to a loss of almost $800 billion. Forbes data shows that Musk's fortune fell by $22.8 billion on Monday, but he is still more than $100 billion ahead of Bezos, who ranks second on the list of the rich. Musk also revealed that the DOGE team currently has more than 100 people, which could be increased to 200 people.

View Original
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
DOGEDOGE-0.22%


Add a comment
Add a comment

Comment 5
arrturian
Hold on tight 💪
SoloLei
Trump has already posted his support and said he will buy himself a Tesla). What do you think is the downside waiting for Tesla stocks?!))
Terry Davis
I hope Elon does something about crypto as well.
Ukrained
Watch closely 🔍
Ukrainochka 1285Author
mutual like and subscription plus comments