Musk Says DOGE Expects to Save $150 Billion by Reducing Waste, Fraud

‘It’s as the military would say, target-rich environment,’ Musk said, referring to the alleged fraud and waste in the federal government.

Elon Musk attends a Cabinet meeting at the White House on April 10, 2025. Anna Moneymaker/Getty Images

Elon Musk said on Thursday that he expects the Department of Government Efficiency (DOGE) to save $150 billion from the federal budget in fiscal year 2026.

Musk said in March that he was confident DOGE could find $1 trillion in savings. The Tesla and SpaceX CEO provided the latest figures during President Donald Trump’s weekly cabinet meeting.