Topic: Donald Trumps appoint Elon Musk - page 2. (Read 297 times)

Here is the answer to Musk that you have been looking for... the reason why Musk is the pick for the new Department of Government Efficiency. If he can do the below on his own projects, why wouldn't he be able to do it with government? Getting rid of Deep State leach-garbage is right up his alley, because he has been keeping it out of his own companies for ages.


SpaceX Plans Tender Offer At $250 Billion Valuation

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https://www.zerohedge.com/markets/spacex-plans-tender-offer-250-billion-valuation
Elon Musk could be on his way to becoming the first trillionaire by the end of the decade, as two of his private companies soar in value, while his public company, Tesla, recently surpassed a trillion dollars in market capitalization.

A new report from the Financial Times cites people familiar with the discussions, stating that Musk's SpaceX—the world leader in rocket launches and high-speed space internet (via Starlink)—is preparing to launch a tender offer in December to sell existing shares at $135 each. This indicates that the rocket company's valuation has surged by another $40 billion, reaching $250 billion, up from $210 billion earlier this year.

The people said Musk's artificial intelligence startup xAI recently raised $5 billion at a valuation of $45 billion, doubling in just a few short months. Soaring values in Musk's private companies have added to his overall net worth.

Musk's cozy relationship with the Trump administration will likely result in Tesla winning the multi-year EV price war. A Reuters report from Thursday detailed how Donald Trump was planning to eliminate the $7,500 consumer tax credit for EVs. In return, this would destroy Musk's competition, such as Rivian, Luicid, and legacy automakers.

As we previously noted, "Musk's strategy to win the EV price war: Build the largest EV business with taxpayer dollars, popularize EVs, allow other startups and OEMs to enter the market, and then support politicians who want to end EV subsidies, crushing the competition and leaving Tesla reigning supreme."

Meanwhile, 'the Trump bump' in equity markets sent Tesla shares over the trillion-dollar market cap level this past week.

According to the Bloomberg Billionaires Index, Musk's net worth has risen to $306.5 billion, up $77.5 billion on the year - primarily because of the latest Tesla price surge.

In September, wealth-tracking website Informa Connect published a report forecasting Musk could become the world's first trillionaire by 2027. This news is likely disheartening for struggling WeWork co-founder Adam Neumann, who famously said in 2019 that he wanted to live forever and become the first trillionaire.

Musk's dominance in space, EVs, AI, and media—with no other billionaire even close to his level of success, and more importantly, to his contributions to the nation's success in this global technology race—has only infuriated far-left, anti-American Democrats...
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When I saw all of these news the first thing that came to my mind is, was there any necessities to why Donald Trump created the Department of Government Efficiency and why was it that he chose none but Elon Musk to head the newly proposed agency. I began to answer my questions by firstly finding the importance to the newly proposed agency which was created to streamline federal government spending with the target of reducing over $2 trillion in expenditure. It isn't a news any longer that the government of most of these countries run into overspending especially in its capital and recurrent expenditures as well as cutting costs of many of the government initiated programmes. What I think this agency will tackle is to xray the budgets per revenue and see how to reduce unnecessary costs inccured by the federal government.

Now, after that, I was able to understand the reason also, why he brought Elon Musk to the fore. It is also noteworthy to mention that this appointment was heavily influenced by the efforts which were made by the billionaire CEO of Tesla to bring the president-elect to power as a reward. However, Elon Musk is also a contrarian thinker and a well known problem solver particularly in the private sector industries. Now, his coming to this government will allow him the incorporate some private sector driven policies to the government running so as to minimize the excessive spending of the government and add value to the economy of the country.

Elon Musk's promise to cut about $2b from government expenditures will not be an easy task. His target will be expenses that are not mandated by the law which is commonly seen as discretionary spending. The DOGE will focus on cutting costs from defence, transportation and education, training, employment and social services.

The department can cut costs by reducing the workforce, restructuring some agencies and ending the wars supported by the US. However, no matter how Elon and his department try to achieve their aim they might never achieve the aim of cutting $2b. Elon should know that the US is not a private organization like Twitter that he restructured without restrictions. Many people or organization can use several litigations to frustrate these moves.

For Elon Musk inclusion into the Trump's cabinet am not that surprised about the news as it's something among other decisions I envisioned Trump was gonna make. Not to mention how much Elon Musk has consistently complained about wasteful expenditures in the Joe Biden government administration, this would be an opportunity for him to arrest those channels of wasteful expenses. We're waiting to see how he achieves that.

Interestingly there's some level of checks and balances that is operational in the US system of government. I don't think he could have the faculty to act as the police of himself as there will be vestiges from other interested party. Mind you, Trump's emerging victor in the poll doesn't mean his party also swept other public seats in the election. So ultimately there will exist some watchdogs within the administration.

They're two damn tough guys who can turn the whole story around. Good luck to them!

Sure, I agree with you that when comes to politics all summaries into being a big game of interests and those interests get reflected on both the working class and those in the top of the 1% of the people who manages all the money. What catches my attention is who blatant it has become when it is about billionaires supporting either candidate, you know.
In previous years, those billionaires would have hidden behind the name of a company or a personal firm in order for them to donate pseudo-anonymously, now we have Elon showing up to political rallies, habding over giant check for one million dollars to voters and now being part of the government of the USA under a very ... peculiar administration. If this trend continues, it would not be surprising to see other billionaires doing the same in years to come to influence the outcome and support the candidate who represent their interests the most.

Nothing is free in this world, everything has its price and everyone wants to benefit themselves. We are no different than him, if we don't receive any benefits, would we support and vote for a certain presidential candidate? They need our votes to get elected while we vote for them because we see benefits from their policies. We just exchange benefits with each other.



I agree with you on this, but Elon publicly supporting Trump is a huge risk because if Trump loses, the Democrats will definitely not leave him alone and his business will be in trouble. The price he paid was high, so if he demands an important position in the Trump administration, it is completely worth it.



This is not only happening in the United States or capitalist countries but in every country in the world, and that shows us the power of money today.

And Pete Hegseth for Defence

I think Elon Musk has been given this position to recoup all the money he has spent for the elections. Department of Government Efficiency is not which is not an agency of the government that has the responsibility to advise and guide the new government on cutting the cost of governance, and entrepreneurship and reducing bureaucracy. The department will conclude its work by 4 July 2026. But the acronym DOGE is suspicious. Since the announcement of this new department the price of the coin DOGE has appreciated.

Elon's companies also have different lucrative contracts with the current government. Maybe more deals will be signed to enable him to get more money. I am still wondering why Trump allowed Musk to hold a position in his government because there is will clash of interests.

And I want to wish Trump success from the bottom of my heart! We have been waiting for such a president for a long time, who really did good things and will do, at least at least restore everything.

So far, only words, in fact, have not been seen yet.

Musk and Trump are businessmen, hence it is clear why they have such a close alliance.

Interesting and yet predictable development of things going on in the USA with the current team of government being assembled by Trump. It was obvious all that money from Elon to help Trump was not free, and there was some inner deals going on in the background.
Still, I thought we were going to see Elon Musk have a more direct role within the Trump administration, like Chief of Staff or Chief of the department for scientific development or one similar to it, considering he is the head of one of the most important companies when comes to manufacture of electrical vehicles.

It is quite concerning nowadays a billionaire can pay his way into being part of a presidential administration, specially because Musk had deals with the USA government as contractor. He is not supposed to police himself, isn't it ?

from what it appears to be, Musk go de carry out the audit from an outside perspective and not necessarily working in an internal ministry from the government. I no really see any direct implication the ministry will have on Bitcoin other than say it's somehow related to the crypto (DOGE when Trump de over see and somehow, that one go cause DOGE to continue getting bullish throughout this administration.

As far as this administration de concerned, there's a lot that's coming and normally an alliance of musk and trump go be one of the most innovative and tech friendly government when the united state and the world go likely witness and certainly Bitcoin and the whole crypto community go benefit from am at the end.  All this thing de show say who leads matters a lot. If you have a leader that's interested in positive things, him go appoint people when de positive and the same way, e go influence the administration positively but if you elect someone that's not interested in a meaningful project, na so the administration go just start without a thing to write home about them. Make our Nija people sha de watch and understand the effect of getting the right person into leadership.

I think Trump is beginning to right his wrongs this time around, in his previous tenure as president he was surrounded by bad advisers but this time around I've seen lots of changes, from embracing Bitcoin to appointing the right set of people to help make America Great Again, it's welcome development to US economy and Cryptocurrency also.
 Elon Musk is a genius, the best at what he does and I believe the deserves the position appointed to him, I believe better day's ahead for American citizens cause they'll now have more smart people in strategic government positions. Also, asides Elon's campaign effort for Trump I think it's well deserving.

just what I was about saying m. I mean isn’t it obvious that Elon musk deserves it?an has been with trump since the day one of his campaign and has supported him tirelessly. If you ask me I also think trump made the right decision by appointing Elon musk since he is the perfect person to fit in that role.
Believe me this will be of great benefit to the world of bitcoin and the US economy.

A link to backup the story will be well appreciated by those who love to read more about your story:

Donald Trump Picks Elon Musk, Vivek Ramaswamy For Cabinet: Internet Has This To Say

I see this as Trump trying to form an agency that will start operation once she has been innugurated to power; they will definitely be there to serve two purposes: helping on making some good financial decisions and eliminating unnecessary spending since they both are considered financial experts and tech wizards, and on the other hand, we should also look at it as Trump rewarding his greatest supporters with an appointment in the office to work hand in hand with him to get their effort paid off.

The US president -elect has appoint Elon Musk and Vivek Ramaswamy to lead department of government efficiently in other to dismantle government bureaucracy, don't you think this will be an easy collaboration between Trump and Elon Musk to really invest the US economy into Bitcoin because since Trump won the election,the price of Bitcoin has been on a marathon increase which is good for Bitcoin.
What do you think.