From participating in key meetings between the president and international leaders to intervene in strategic decisions about defense and trade, his presence caused an institutional shaking.
In an unexpected turn, Elon Musk This year became a central figure within the United States Governmentby assuming a role as a special employee with broad access to power structures and official databases. Its influence on Washingtonunder the umbrella of the Doge project, has generated a strong controversy.
Since participating in key meetings between the president Donald Trump and international leaders until intervening in strategic decisions about defense and trade, its presence has caused an institutional shaking.
Elon Musk lost 25% of his fortune in his passage through Donald Trump’s government: “It was worth it”
Decisions driven by Musk They have triggered a wave of restructuring within multiple government agencies, many of which saw drastic cuts and reforms on behalf of efficiency. However, critical voices (such as that of Elaine Kamarck, of the Brookings Institution) warn that these changes are damaging essential structures of the State rather than eliminating bureaucratic excesses. “Doge is cutting muscle, not fat,” he said.
In parallel, several of the companies of Musk They have benefited financially. Spacex, Neuralink and Xai They received new funds, while the debt contracted after privatizing Twitter (now X) It increased significantly. Nevertheless, Teslahis most emblematic and unique company that is quoted in the stock market, has suffered a hard blow: his actions fell 33% since Musk assumed his position in Washingtonand sales have decreased considerably.
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The impact of this new stage also affected his personal fortune. According to the multimillionaires index of Bloombergthe association with the administration Trump It has cost him Musk Approximately 113,000 million dollars, reducing its assets by 25% since mid -January.
Despite their promises to cut 2 billion dollars in public spending, real savings barely reach the 160,000 millionaccording to official figures from Doge himself. Public disenchant Musk in the government, a significant increase over the previous months.
His confrontational style has generated tensions both within the administration Trump as in Congress. In fact, Musk He maintains periodic meetings with the Chief of Cabinet Susie Wiles to coordinate their movements and avoid new internal conflicts. Despite criticism and disparate results, a spokesman for the White House He confirmed that Musk’s status as a special government employee is still in force.
Source: Ambito
