Elon Musk, CEO of Tesla and CFO of X -formerly Twitter-, will work for Donald Trump, winner of the last elections held in the United States. The future President has named the businessman responsible for the newly created Department of Government Efficiency (Department of Government Efficiency, DOGE). He will share the leadership of the area with the Republican businessman Vivek Ramaswamy.

“Together, these two wonderful Americans will lead the way for my legislature to dismantle government bureaucracy, cut overregulation, reduce wasteful spending, and restructure federal agencies.“Trump explains in a statement that Elon Musk has shared on his profile on the social network that he acquired at the end of 2022.

“This will shake the system and all those involved in government waste, who are many.“, the businessman commented in the statement itself. Musk has played an active role during Donald Trump’s campaign, participating in rallies and reaching to invest nearly 200 million of his own fortune in supporting the candidate.

However, as the future President of the United States points out, the new department will offer advice and consulting from outside the Government, will partner with the White House and the Office of Management and Budget with the goal of “drive large-scale structural reform, and create an entrepreneurial approach to government never seen before“.

Trump also points out that the task assigned to Musk and Ramaswamy has a deadline, since it must conclude on July 4, 2026, day that, as he has highlighted, coincides with the 250th anniversary of the Independence of the United States. He has also highlighted that he hopes the department will end up with the $6.5 billion annually in “waste and fraud“in public spending.

Throughout the Trump campaign, Elon Musk has expressed on numerous occasions his position regarding public spending and the need to establish an area of ​​efficiency. This, in addition, in its acronym makes an allusion to Dogecoin, the cryptocurrency that the CEO of Tesla has been promoting for years.
He has also defended the dismissal of hundreds of officials as a way to reduce public spending.

The truth is that the responsibilities given to Musk could benefit their businesses. One of its functions, as Trump has explained, will be “restructure federal agencies”, which could lead to a reduction in their powers. It should be remembered that these regulatory entities are the ones that are putting a stop to the development of the activity of Space X or Tesla itself.

On more than one occasion Elon Musk has expressed his opinion regarding the creation of simpler pathways for the approval of certifications, permits or concessions for the development of autonomous vehicles, compared to those considered by the current complicated regulations.

The effect of Donald Trump’s victory in the elections on November 5 is already being felt in Elon Musk’s businesses. last friday Tesla exceeded $1 trillion in stock market value a milestone that has not been achieved since 2022.

The appointment of Elon Musk to assist the Trump administration in its second tycoon is not surprising. Last May, the candidate already highlighted his intentions to have him on his team if he won the elections, and later confirmed that he would entrust him with reforming the Administration if he was elected.