Elon Musk Faces $113 Billion Loss as DOGE Stint Ends

Elon Musk's close association with President Donald Trump and his leadership of the Department of Government Efficiency (DOGE) have led to significant financial and reputational consequences, particularly for Tesla. Since Trump’s inauguration, Tesla’s stock has dropped by 33% and its sales have declined, resulting in a $113 billion (25%) loss in Musk’s net worth, according to the Bloomberg Billionaires Index. While Musk's private companies such as SpaceX, Neuralink, and xAI benefited from new government funding and favorable policies, Tesla—his only publicly traded company—became a target for public backlash and protests due to his ties with the Trump administration and controversial government cuts. Musk’s aggressive efficiency measures and attempts to overhaul federal spending have been met with resistance from government officials and the public, undermining the intended impact of his reforms. Although Musk claimed his initiatives could save taxpayers trillions, the actual projected savings were far lower, and his leadership style created tensions within the federal bureaucracy. As his 130-day DOGE tenure concludes, the fallout for both Musk and Tesla remains substantial.