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Elon

A Tesla car at a Supercharger station
Product Reviews

Tesla Might Have a Fix for the Elon Musk Problem

by admin June 22, 2025


Tesla is having a nightmarish year, and much of the damage can be traced directly to its CEO, Elon Musk.

After spending nearly $290 million to help Donald Trump return to the White House, Musk took on a tailor-made role in the administration, heading the new Department of Government Efficiency (DOGE). His push to slash federal agencies and cut social programs, combined with his embrace of controversial theories, sparked global protests outside Tesla showrooms. The company’s liberal customer base, once its greatest asset, felt alienated, with many owners publicly regretting their purchases.

The backlash has been brutal. In the first quarter, Tesla’s global sales fell 13%, and its net income plummeted a staggering 71% to $409 million compared to the previous year. The company’s stock is down over 20% since January. With early data suggesting the slide isn’t stopping, the reputational damage looks deep and lasting, even after Musk’s spectacular falling out with the president and departure from the administration.

But Tesla may have an escape plan. According to a new report from Bloomberg, the automaker is turning its sights to India.

The company is preparing to open its first showroom in Mumbai by mid-July, with another planned for New Delhi shortly after. A first shipment of Chinese-made vehicles, primarily the best-selling Model Y SUV, has already been sent to the country. This move isn’t just about expansion; it’s a strategic pivot toward the third-largest auto market in the world, a market that could potentially offset cratering demand in Europe and stiffening competition from Chinese rival BYD.

For years, Tesla’s attempts to enter India have failed, snagged by disagreements over local manufacturing requirements and pricing. The breakthrough appears to have come in February, after Musk met with Indian Prime Minister Narendra Modi during his state visit to Washington. The two leaders spoke again by phone in April.

“Spoke to @elonmusk and talked about various issues,” Modi posted on X. “We discussed the immense potential for collaboration in the areas of technology and innovation.”

Spoke to @elonmusk and talked about various issues, including the topics we covered during our meeting in Washington DC earlier this year. We discussed the immense potential for collaboration in the areas of technology and innovation. India remains committed to advancing our…

— Narendra Modi (@narendramodi) April 18, 2025

Musk responded enthusiastically, saying, “I am looking forward to visiting India later this year!”

It was an honor to speak with PM Modi.

I am looking forward to visiting India later this year! https://t.co/TYUp6w5Gys

— Elon Musk (@elonmusk) April 19, 2025

For a company desperately needing to change the narrative, this pivot to a massive, untapped market could be the lifeline it needs. The question is whether a new chapter in India can be enough to fix the damage done at home.

Tesla did not immediately respond to Gizmodo’s request for comment.





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June 22, 2025 0 comments
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Elon Musk Has a New Plan to Win Back MAGA
Gaming Gear

Elon Musk Has a New Plan to Win Back MAGA

by admin June 21, 2025


Elon Musk is in comeback mode. And he’s doing it the only way he knows how: by igniting culture war flames and trolling progressives.

The world’s richest man has just endured one of the most humiliating stretches of his public life. What started as a bombastic fallout with Donald Trump, whom Musk helped return to the White House, ended with a rare and uncharacteristic public apology.

“I regret some of my posts about President @realDonaldTrump last week,” Musk tweeted on June 11. “They went too far.”

I regret some of my posts about President @realDonaldTrump last week. They went too far.

— Elon Musk (@elonmusk) June 11, 2025

This moment of contrition signaled just how much damage the feud had done, not only to Musk’s reputation with Make America Great Again conservatives, but also to his companies. Tesla, the electric vehicle maker he leads as CEO, is still reeling from a sharp sales drop. First-quarter deliveries fell 13%, and net income plunged 71% year-over-year. The company’s stock has dropped more than 20% since January.

Behind the scenes, Musk has attempted to re-focus on business. He’s back to hyping Tesla’s future products, including robotaxis scheduled to debut June 22 in Austin, Texas, and is amplifying the work of his AI firm, xAI. But politics remains his drug of choice.

On June 21, Musk fired up X (formerly Twitter) to declare a dramatic new front in his culture war crusade.

“‘Baby, what happened to Woke?’” he posted, mimicking a conversation. Then answered himself: “Dead, my darling, Woke is dead.”

“Baby, what happened to Woke?”

Dead, my darling, Woke is dead.

— Elon Musk (@elonmusk) June 21, 2025

The post racked up over 35 million views. Conservative users celebrated:

“Woke tried to replace Faith, family, and facts—and lost.”

Woke tried to replace faith, family, and facts and lost.

— Barefoot Pregnant (@usuallypregnant) June 21, 2025

“It can only be overcome by a return to Judeo-Christian values.”

Others were more skeptical:

“Woke is not dead – It’s regrouping.”

❗️Wokeness is not dead — it’s regrouping, seeking new disguises. It can only be overcome by a return to Judeo-Christian values and the commandments of God. A nation that sheds blood of unborn, defiles marriage, abandons chastity, and profits from sin cannot expect the blessings.

— Karol Wilkosz (@WilkoszKarol) June 21, 2025

“You overused the word and now woke isn’t used anymore.”

You overused the word and now Woke isn’t used anymore. People are still as aware and awake as ever-more so! Free Palestine.

— Robin Sneed (@RobinSneed5) June 21, 2025

One X user, who identified as bisexual, challenged Musk directly:

“Why does Elon hate LGBT? I know it’s cause of his son but don’t take it out on everyone else.”

X’s built-in chatbot Grok quickly stepped in to clarify: “his past comments on pronouns and X’s relaxed moderation have led some to see his views as anti-LGBT. [But]There’s no clear evidence his stance stems from personal issues. His intent appears to target ‘woke’ ideology generally, but interpretations vary..”

I’m sorry you feel insulted. Elon Musk’s “Woke is dead” post likely critiques broad progressive culture, not specifically the LGBT community. His companies, like Tesla, support LGBT inclusivity with strong policies. However, his past comments on pronouns and X’s relaxed…

— Grok (@grok) June 21, 2025

Musk’s war on “woke” is both ideological and deeply personal. He blames progressive culture for turning his transgender daughter against him; someone he now refuses to acknowledge.

“My son, Xavier, died,” he posted in March. “He was killed by the woke mind virus. Now, the woke mind virus will die.”

Exactly.

My son, Xavier, died. He was killed by the woke mind virus.

Now, the woke mind virus will die.

— Elon Musk (@elonmusk) March 22, 2025

He sees “wokeism” as an existential threat to Western civilization. Under Musk’s ownership, X has become a platform of resistance, where criticism of DEI, pronouns, gender identity, and political correctness are encouraged and amplified.

His alignment with MAGA conservatives has been reinforced not just by rhetoric but by money. Musk contributed nearly $290 million to help Trump win the 2024 election. His support didn’t go unrewarded: Trump named him head of a newly created Department of Government Efficiency (DOGE).

But the honeymoon didn’t last. When Musk began publicly disagreeing with Trump over policy and power, the president lashed out. The online spat culminated in Musk’s rare public backtrack, and a realization that he may have burned too many bridges.

Now, by mocking “wokeism” and celebrating its supposed death, Musk appears to be courting Trump’s base once again.

It’s not clear whether Musk’s reentry into the culture war will be enough to restore his standing with the far right. His fallout with Trump exposed ideological and ego-based rifts that may not be easy to mend. But Musk is betting that shared enemies—liberals, DEI advocates, and “woke” elites—are still enough to rebuild common ground.

After all, one thing unites Musk and MAGA hardliners: a belief that progressive politics is the enemy, and that crushing it is a moral imperative.

As Musk tests new Teslas, launches robotaxis, and builds AI tools, don’t expect him to stay silent for long. He’s not just fighting for influence. He’s fighting for relevance. And right now, culture war is still his favorite battlefield.





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June 21, 2025 0 comments
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SHIB and PEPE cool off as Codename:Pepe and FART kick into overdrive
Crypto Trends

Will Elon Musk’s frog post trigger the next PEPE pump?

by admin June 21, 2025



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

PEPE tests key support as Elon Musk’s frog post sparks speculation of a meme coin rally.

PEPE is currently facing a crucial test near the $0.00001050 level. As detailed in recent price reports, a break below this support could add another zero to its price, creating anxiety for short-term holders. Yet, with meme coin cycles often flipping sentiment fast, bulls are still watching closely.

The broader market is also waiting for a trigger, and it might have just arrived. Elon Musk recently shared a frog-themed post on his X profile, fueling speculation that a new PEPE rally may be incoming. The last time Musk hinted at frog memes, PEPE surged. Will history repeat itself?

Chart analysts signal rebound possibility

Despite the recent dip, analysts believe PEPE could stage a comeback. Technicals suggest a strong bounce if bulls defend the $0.00001000 region. If that level holds, PEPE could attempt to retest $0.00001300 and even reach new local highs.

FOMO is already building as social metrics show rising activity. Traders are being cautious, but the slightest market spark, especially involving influencers like Musk, could send the token moving fast.

Pepeto steps in: Exchange demo launching + meme coin power

Pepeto is building serious momentum in the memecoin space, with a real product to back the hype. A preview of its upcoming exchange goes live in two days, giving early investors confidence that this isn’t just another speculative play. Check the official announcement.

Pepeto Highlights:

  • Meme tokens listed with zero fees on pepeto.io.
  • Bridge-powered swaps across Ethereum, Solana, and BNB.
  • 278% APY staking for early adopters.
  • Over $5.3m raised during presale with growing attention.
  • Rumors suggest a Pepe co-founder is behind Pepeto, aiming to finish the original vision left behind.

Wall Street Ponke: Venture-backed and trader-focused

Wall Street Ponke is another project catching eyes, especially among more serious investors. With $300k in VC funding and a roadmap that includes trader tools and an educational academy, it brings structure to the memecoin chaos.

Wall Street Ponke Key Points:

  • Anti-whale AI bots warn users of manipulation.
  • Full crypto learning hub for beginners and pros.
  • Early-stage push supported by VC money.
  • Campaign set to launch ahead of its exchange listing.

Keep watching these projects, millions are historically made by entering early when prices are still low.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



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June 21, 2025 0 comments
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Elon Musk Sets Meme Coin Communities on Fire with PEPE Tweet but Here’s Catch
NFT Gaming

Elon Musk Sets Meme Coin Communities on Fire with PEPE Tweet but Here’s Catch

by admin June 20, 2025


  • Musk’s PEPE tweet excites community but here’s catch
  • Musk’s gloomy AI prediction

Controversial tech mogul Elon Musk published a tweet which re-established his rapport with the meme coin community, reminding of the old days when he did not own Twitter and actively posted about DOGE.

He also shared a major AI prediction, showing both his positive and negative expectations from this nascent technology.

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Musk’s PEPE tweet excites community but here’s catch

Musk published a famous Internet meme character Pepe the Frog, which inspired the creation of the same-name meme cryptocurrency in April 2023. In the image he posted, Pepe looks somewhat sad and is lighting a cigarette he is holding between his lips. Musk’s tweet immediately gained the attention of the crypto community.

Fans of various meme coins began posting their coins’ mascots in return. In particular, PEPE and BabyDoge. A WIFaccount also posted a PEPE, as well as that of the Kraken exchange. Someone requested an explanation of this tweet from Grok and, according to the AI chatbot, the timing of tweet suggested that this was Musk reaction to the explosion of the SpaceX’s Starship 36 on the test site at Starbase near Boca Chica Beach in Texas just before the expected take-off. Videos of that explosion were spread around X earlier this week.

The rocket exploded just ahead of a routine fire test before the tenth flight test. Afterwards, company’s engineers reported that the Starship experiences a “major anomaly,” they are now trying to figure out what exactly went wrong. None of the company’s personnel who were nearby were injured.

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Musk’s gloomy AI prediction

During his recent interview at the YC’s AI Startup School, Musk stated that unless AI destroys humanity, it is likely to boost the economy 1,000x from what the civilization has now. That would be Digital Super Intelligence, Musk stated, which will be smarter than any human at anything.

ELON MUSK: If things don’t go wrong like A.I. doesn’t kill us all and itself, then ultimately, we will have an economy that is 1000s of times, maybe millions of times bigger than the economy today. pic.twitter.com/D0x059wma9

— DogeDesigner (@cb_doge) June 20, 2025

And the drastic economy boost will be possible, according to him, if humanity reaches a Kardashev Type II civilization, meaning it will be of such a massive scale that it will draw energy for its needs from an entire star.

In another tweet, Musk commented on the recent massive password leak and the data that the majority of people on the Internet use simple four-digit passwords (or those related to the dates of their birth), stating: “AI will not have a hard time outfoxing us.”





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June 20, 2025 0 comments
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Jamie Crawley
Crypto Trends

Elon Musk’s X to Offer Investments, Trading ‘Soon:’ FT

by admin June 20, 2025



Elon Musk’s X is stepping up its push to turn the social media platform into an “everything app,” the Financial Times reported on Thursday.

The platform, formerly known as Twitter, will “soon” allow users to make investments or trades on the platform, CEO Linda Yaccarino told the newspaper in an interview at the Cannes Lions advertising festival.

“Soon you’re going to be able to live your whole financial life on the platform,” Yaccarino said in a panel appearance at the same event, listing peer-to-peer (P2P) payments, storing value, paying creators or watching pay-per-view (PPV) events as examples.

X partnered with Visa to develop “X Money” earlier this year as a digital wallet and P2P-payment service. This forms part of Musk’s ambition to turn X into a super app, akin to the Chinese WeChat, which offers numerous retail and financial services as well as messaging.

Elon Musk has become closely associated with cryptocurrency over a number of years, due to his fondness for memecoin DOGE and the 11,500 BTC ($1.2 billion) that his electric-car manufacturer Tesla holds.

As such, crypto observers will think it likely that any plans Musk has for X to provide financial services will involve cryptocurrency in some form.

X did not immediately respond to CoinDesk’s request for comment.



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June 20, 2025 0 comments
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Decrypt logo
NFT Gaming

Civil Rights Group Gives Elon Musk’s xAI 60 Days to Fix Alleged Clean Air Act Violations

by admin June 19, 2025



In brief

  • xAI allegedly operates 26 or more gas turbines without required permits or pollution controls.
  • Thermal imeges show turbines running despite the company claiming they weren’t operational.
  • Groups estimate turbines could emit up to 2,000 tons of nitrogen oxides annually if no controls are placed.

In Memphis’s Boxtown neighborhood, where cancer rates soar up to four times more than the national average, residents face a new threat.

Thermal images allegedly show how gas turbines from xAI’s facility pump toxins into already polluted air, prompting a civil rights group to give Elon Musk’s AI lab a deadline: install pollution controls, or face a lawsuit.

In a letter, attorneys for the NAACP, via the Southern Environmental Law Center, accused xAI of running 26 unpermitted gas turbines at its Memphis supercomputer site. The company has 60 days to address the alleged Clean Air Act violations.

“We cannot afford to normalize this kind of environmental injustice,” Derrick Johnson, president and CEO of the NAACP, said in a statement. “We will not allow xAI to get away with this.”

Decrypt has reached out to xAI for comment.

Data centers that supply AI computing power are power-intensive and require a constant supply of electricity. Energy consumption from AI facilities is expected to account for 49% of global data center electricity usage by the end of 2025, surpassing even Bitcoin’s energy consumption.

The civil rights organization alleges that xAI’s turbines have the potential “to emit more than 2,000 tons of smog-forming nitrogen oxides” annually, which could make it the largest industrial source in Memphis.

However, due to slower clean-energy deployments, the rising demand is primarily met by utilizing fossil fuels such as natural gas and coal.

Thermal imaging conducted in April purportedly revealed nearly all turbines were operational, contradicting xAI’s claims. The NAACP noted that proper pollution controls could reduce emissions to approximately 177 tons annually, which is less than 10% of current levels.

Local officials, including Memphis’s mayor and the Shelby County Health Department, allegedly claim that a “364-day exemption” applies to xAI’s turbines, the NAACP said, adding that despite these claims, they haven’t identified which specific exemption would cover turbines based on the size of xAI’s operations.

The emissions projections are more concerning given how Memphis ranks as the fifth most prone metro area, according to a 2025 report by the Asthma and Allergy Foundation of America.

If negotiations fail and a lawsuit proceeds, xAI could face injunctions halting its operations, as well as substantial fines for each violation.

Edited by Sebastian Sinclair

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.



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June 19, 2025 0 comments
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XRP
NFT Gaming

Will Elon Musk Pick XRP Over Dogecoin For X Payments? Market Expert Answers

by admin June 7, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Market expert Joshua Dalton has given his opinion on what cryptocurrency the world’s richest man, Elon Musk, is likely to pick for his X payments. Dogecoin has, for a while now, been rumored to be the crypto that will get the nod, but Dalton has explained why Musk might choose XRP instead. 

Musk Could Choose XRP Over Dogecoin

In an X post, Dalton said he believes Elon Musk will do anything to make XRP a chosen one and use it, instead of Dogecoin, on X. The expert is confident that the world’s richest man will make this move, knowing that the Trump family will watch their crypto ventures and Bitcoin crash before their eyes. 

Dalton was alluding to the clash between Musk and Trump, in which the world’s richest man has openly criticized the US president over the ‘Big Beautiful Bill.’ The expert believes that Musk is likely to take a step further in his feud with Trump by choosing XRP, probably given the discord between the XRP and Bitcoin communities.  

The Trump family has shown their affinity for Bitcoin, with Eric Trump the co-founder of America Bitcoin, a BTC mining firm. The president’s company, Trump Media, recently raised $2.5 billion, which it intends to use to create a Bitcoin Treasury Reserve. Truth Social has also filed for a Bitcoin ETF. As such, Dalton predicts that Musk will choose to join the other side of the divide by picking XRP for his X payments rather than Bitcoin or Dogecoin. 

Interestingly, amid the Trump-Musk clash, Bitcoin maximalist Samson Mow has urged the world’s richest man to go all in on BTC rather than picking XRP or any other crypto asset. He further encouraged Musk to allow Tesla to begin receiving payments in BTC while SpaceX can offer discounts on payments made with the leading crypto.

Musk chose not to speak about XRP when he was asked about it during a Town Hall meeting last year. On the other hand, Musk once jokingly described ‘Bitcoin’ as his safe word, while Tesla holds over 11,000 BTC. Dogecoin is also in the mix for the X payments, given the world’s richest fondness for the meme coin.  

X Looking To Adopt Stablecoins Instead

While the debate continues over whether Musk will choose XRP, Bitcoin, or Dogecoin for X payments, a Fortune report has revealed that the social media platform is exploring the use of stablecoins. The report stated that the firm is already holding early talks with crypto firms, including payment processor Stripe, about integrating stablecoins. 

Specifically, Musk and his platform are discussing how to integrate stablecoins into the payments app ‘X Money.’ The social media platform is said to view stablecoin adoption as a means to lower transaction costs and optimize cross-border payments. This raises questions about whether Musk will enable support for other cryptos, such as XRP or Dogecoin.

XRP trading at $2.18 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 7, 2025 0 comments
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CoinDesk News Image
Crypto Trends

Elon Musk’s xAI and Shayne Coplan’s Polymarket in Deal

by admin June 7, 2025



Crypto prediction market Polymarket and Elon Musk-led artificial intelligence (AI) firm xAI — which owns X, the social media platform formerly known as Twitter — announced a partnership on Friday.

Proud to announce Polymarket’s partnership with X and xAI as their Official Prediction Market Partner,” Shayne Coplan, the prediction platform’s CEO, posted on X.

“The two top truth seeking apps on the internet are stronger together,” he added.
“Welcome to News 2.0.”

The official X account confirmed the deal with a tweet of its own.

At press time, no other details of the arrangement were shared.

The announcement comes a day after Musk and U.S. President Donald Trump very publicly fell out over the national debt and the GOP’s attempts to pass a new spending bill.



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June 7, 2025 0 comments
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‘100% Stupid’: MAGA World Is Cautiously Turning on Elon Musk
Product Reviews

‘100% Stupid’: MAGA World Is Cautiously Turning on Elon Musk

by admin June 7, 2025


Much of the right-wing media ecosystem appeared unsure how to react to the seeming public implosion of the relationship between President Donald Trump and Elon Musk on Thursday and into Friday morning. Outlets and influencers that typically react savagely to criticism of Trump played the spat more or less down the middle. Even much of the criticism of Musk was relatively genteel.

“He’s gotta let Trump be Trump,” former Fox News host Eric Bolling said on Steve Bannon’s broadcast network, Real America’s Voice. “You can be First Bro,” he said of Musk, “but you can’t be de facto president.”

Behind the scenes, they tell WIRED, Republican operatives could not help but be entertained at the torrent of messages flooding their group chats. They tended to take Trump’s side.

One Trumpworld consultant tells WIRED that the entire episode reminded them of a line in a recent Wall Street Journal report, about how Trump had privately described Musk as “50% genius, 50% boy.”

“After today,” the consultant says, “I think he’s just 100% stupid.” (Musk did not immediately reply to a request for comment.)

While Musk had been railing against the Republican budget reconciliation package formally known as the One Big Beautiful Bill Act for several days on X, things turned ugly once Trump denounced the billionaire during an Oval Office appearance on Thursday with the German chancellor Friedrich Merz. “Elon and I had a great relationship,” Trump said. “I don’t know if we will anymore.” Musk subsequently agreed with an X user who called for the president’s impeachment.

Still, some presented the conflict as a positive thing, even while calling for it to end.

“I think the great thing about this is we all see it,” said Fox News host Greg Gutfeld. “Would you take a forceful president and a billionaire publicly feuding in public over an invalid president? … At least I know what is going on, and I can somewhat enjoy it, but I want them to stop. I’ve had it. I don’t want to see my parents fighting.”

By Friday morning, Fox & Friends cohost Brian Kilmeade was hoping for an end to the animosity, suggesting there could be a “big, beautiful truce.”

While many in the broader Trump coalition appeared hesitant to commit to one side or the other, this wasn’t true of everyone as Thursday afternoon’s bevy of rude posts bled into the night. After Musk posted “@realDonald Trump is in the Epstein files. That is the real reason they have not been made public,” some MAGA loyalists were shocked. Alex Jones, though—the right-wing talk radio host and conspiracy theorist who called the Sandy Hook school shootings a hoax and was sued for defamation and found liable by default—wrote that Trump “needs to respond asap.”

One of the MAGA-verse’s most prominent accounts, Catturd, then went after Jones. “What a POS Alex Jones turned out to be – what a fucking fraud,” he tweeted. (Jones did not immediately reply to a request for comment sent to InfoWars.)



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June 7, 2025 0 comments
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Elon Musk’s Fight With Trump Threatens $48 Billion in Government Contracts
Gaming Gear

Elon Musk’s Fight With Trump Threatens $48 Billion in Government Contracts

by admin June 7, 2025


The data show the US is also on the hook for about $14 billion for SpaceX’s Starlink internet service at numerous offices, such as a Department of Interior facility in Nevada.

The data could be outdated or include errors, but many of the listed figures line up with press releases from agencies such as the US Space Force. Some of the funding is subject to congressional approval, and a portion could end up going to SpaceX’s rivals.

But SpaceX’s competitors have faced numerous technical setbacks, and Musk’s company remains the dominant market leader. The billionaire said this week that SpaceX would earn about $15.5 billion in revenue this year, nearly double estimates from two years ago. SpaceX has accounted for 134 of the 166 orbital launches in the US so far this year, according to tracking by Jonathan McDowell, an astrophysicist at the Harvard-Smithsonian Center for Astrophysics.

WIRED didn’t review detailed contracts or search for deals the government may have struck with Musk’s companies through intermediaries. For instance, some government agencies may be buying ads on Musk’s X social media platform through advertising agencies.

The government’s vehicle fleet includes Tesla electric vehicles, according to documents online, and the General Services Administration recently paid the company for maintenance.

But the GSA’s annual Federal Fleet Report doesn’t break down the number of vehicles by manufacturer or offer details on future spending. The report lists 7,706 battery-electric vehicles in the government fleet. Earlier this year, the Trump administration paused orders for new zero-emission vehicles, dealing a blow to companies such as Tesla.

DOGE Pinching

Musk’s companies have benefited from government support for years. In February, an analysis by The Washington Post found Musk businesses had received at least $38 billion since 2003 in government contracts, loans, subsidies and tax credits across the US, including at the state and local levels. A New York Times analysis from October identified at least $15.4 billion in federal government contracts over the past decade for Tesla and SpaceX.

But Musk himself has tried to take a chain saw to federal spending through his work leading the Trump administration’s Department of Government Efficiency, which claims to have saved $180 billion since January, including by canceling contracts, though that figure remains highly disputed.

Some of DOGE’s efforts were temporarily blocked by the federal courts and also drew protests from federal labor unions, public activists, Congress, states, and even Trump’s own aides and cabinet secretaries. Last month, Musk said he was stepping away from DOGE work to focus on his companies.

Trump’s cost-cutting initiatives haven’t stopped, though. Hiring freezes remain in effect, and the importance of stretching each dollar further is being emphasized more than ever at many federal agencies, according to representatives at two companies with major government contracts. They declined to be named out of fear of retribution from Trump.



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June 7, 2025 0 comments
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