With the prophecy of bankruptcy, Musk responded to information from the Department of Government Effectiveness (DOGE) about the state of the US budget. The post stated that the government spent $6.16 trillion in 2023, although only $4.47 trillion was collected in taxes.
Today, Elon Musk’s comments are being watched even more closely than before, since Donald Trump actually appointed him as one of the DOGE executivesas I once mentioned. The billionaire thus became an influential figure not only in business, but also in politics. He is expected country budget cuts and reforms across the entire network of federal agencies.
Former German Chancellor Angela Merkel considers Musk’s strong position in the new government an “unheard-of challenge,” although she did not call him a greater threat than Trump.
“Politics must determine the social balance between powerful people and ordinary citizens. <...> And if this last resort is too heavily influenced by corporations, whether through the power of capital or technological capabilities, then this represents an unprecedented challenge for all of us,” she explains her position in interview The mirror.
Entrepreneur, according to Bloombergbenefited significantly from the political reshuffle. Over the year, his fortune grew by almost $120 billion; the peak growth of his shares occurred during the US elections (since November 4, Tesla Inc shares have increased by 45%, for example). As a result, Musk broke his own record and topped list the richest people in the world with a fortune of $347.8 billion (the previous maximum was $340.4 billion).
Amid such growth, Musk is open to new proposals. So, for example, he was openly interested proposal Donald Trump’s son about buying MSNBC. In response to a joking “Hey, Elon Musk, I came up with a very funny idea,” he clarified the cost and hinted that he could come to the office “with a sink” (this is how he once came to the office to use Twitter).
The idyll of the relationship between Trump and Musk, however, may be in jeopardy, because the politician and businessman have one stumbling block – China. It is known that Elon’s mother, 76-year-old May Musk, is one of the style icons in China, as writes Bloomberg. And Musk himself is interested in the business of this country, because the Tesla plant is located here. And the company intends to strengthen ties with the PRC, as its leader said at a meeting with Premier of the State Council of the PRC Li Qiang.
Cover photo: Frederic Legrand – COMEO /
Source: rb.ru
