Benzinga
This is a bit outdated but content is still relevant MA
Adrian Volenik
Mon, June 2, 2025 at 3:30 PM CDT3 min read
Tesla (NASDAQ:TSLA) CEO and former Trump administration adviser Elon Musk is learning a hard truth about Washington, according to investor Ross Gerber. “After 4 months Elon learned what every natural born American already knows. No one in the government wants to ‘cut’ any budget,” Gerber wrote in a May 24 post on X.
Musk has spent the past four months heading up the Department of Government Efficiency, or DOGE, a controversial cost-cutting initiative tied to mass layoffs and agency shutdowns. But even Musk now appears to be frustrated with Washington’s spending habits. On Thursday, he wrote on X that his “scheduled time” as a special government employee had come to an end.
Musk Criticizes Trump’s Big Spending Bill
In a recent CBS News interview, Musk slammed the Trump administration’s flagship tax and spending package—dubbed the “Big, Beautiful Bill”—saying it “increases the budget deficit, not just decreases.” He warned that the legislation “undermines the work that the DOGE team is doing” and criticized the government for ignoring the need for real cuts.
The bill, which passed the House and is now before the Senate, would boost spending on defense and border security, extend tax cuts, and slash clean energy and health care programs. Nonpartisan analysts estimate it could add trillions to the national debt.
“I think a bill can be big or it can be beautiful,” Musk told CBS. “But I don’t know if it can be both.”
From Political Ally To Cautious Critic
Musk has been a vocal supporter of President Donald Trump and poured over $250 million into his 2024 campaign. But in recent weeks, he’s pulled back from the political spotlight. During a Tesla earnings call, he said he’d reduce his time with DOGE starting in May to focus more on the company. “The large slug of work necessary to get the DOGE team in place… is mostly done,” Musk explained.
He added in a CNBC interview that he would now be at the White House just “a couple days every few weeks.”
Elon Musk Is Realizing He Made a Huge Mistake
Futurism
Meanwhile, Tesla is dealing with real-world consequences. European sales of Tesla vehicles fell 49% in April, even as overall electric vehicle sales rose 28%, according to data from the European Automobile Manufacturers’ Association. Analysts blame a mix of factors, including Musk’s political activity, factory shutdowns, and an aging vehicle lineup.
Diminishing Impact Of DOGE
Musk has touted DOGE as a trillion-dollar cost-saving initiative, though watchdogs and fact-checkers have questioned its savings claims. So far, the agency claims $175 billion in savings—a figure under dispute.
Musk posted last week that while DOGE “has and will do great work to postpone the day of bankruptcy of America,” he believes the government’s “profligacy” means that only radical gains in productivity can truly save the country. He said accelerating GDP growth is now essential, possibly hinting at his push for humanoid robots to boost economic output.
Economist Peter Schiff, chief economist and global strategist at Europac.com, dismissed the impact of DOGE, writing on X: “Unfortunately I think DOGE was too little, too late to really move the needle on a sovereign debt and dollar crisis. The process has already started.”
Opinion: The voters who believe in MAGA aka DJT, LOTUS,FFLOTUS, have a rude and expensive wakeup call coming. This will affect most Americans depending on their income, the richest will suffer the least.
Michael1942's Blog 