Tech billionaire Elon Musk said that the Department of Government Efficiency (DOGE) has not been as effective as he would like but noted its efforts may continue for the remainder of the Trump administration.
Of a possible DOGE extension, Musk said, “It’s up to the president.”
Musk said that DOGE has so far cut about $160 billion in federal spending, noting that the cuts are not as effective as he would have liked.
“In the grand scheme of things, I think we’ve been effective. Not as effective as I like ... but we’ve made progress,” he told the outlet.
“There’s a long way to go. It’s pretty difficult. ... It’s like: How much pain is the Cabinet and Congress willing to take? It can be done. But it requires dealing with a lot of complaints.”
“He’s not out of it altogether. He’s just not physically present as much as he was,” Wiles said of Musk. “The people that are doing this work are here doing good things and paying attention to the details. He’ll be stepping back a little, but he’s certainly not abandoning it. And his people are definitely not.”
When speaking in a Cabinet meeting on April 30, Musk said that he would likely scale down his work with DOGE to one or two days per week.
“I’m willing to continue on average, one to two days a week, which probably means coming to D.C. every other week for three days,” he said.
However, he stipulated that he'll continue to back DOGE “to make sure that the waste and fraud“ that the department stops ”does not come roaring back.”
In early April, Musk told a crowd in Wisconsin that because of his work in the government, Tesla’s stock had declined significantly. He also said that his “Tesla stock and the stock of everyone who holds Tesla has gone ... roughly in half.”
Since the start of this year, Tesla’s shares have declined by roughly 23 percent, although the company’s stock is up about 60 percent year-over-year and stands at $289 as of trading on the morning of May 1.