Musk: The DOGE team currently has over 100 people and may increase to 200 people

2025-03-11 07:59:53

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ChainCatcher news, Elon Musk stated on Monday that he is facing "huge difficulties" in balancing the efficiency of the U.S. Government Efficiency Department (DOGE) with other business aspects. Tesla experienced its largest single-day drop in five years, while its social media platform "X" underwent several cyberattacks.

In an interview, Musk indicated that he expects to stay in the Trump administration for another year. Since Musk joined the Trump administration as the "Secretary" of DOGE, Tesla's stock price has been declining weekly. DOGE is undertaking a broad and controversial initiative aimed at reducing federal government spending and workforce.

Tesla's market value has currently been "halved" from its peak, equivalent to a loss of nearly $800 billion. According to Forbes, Musk's net worth shrank by $22.8 billion on Monday, but he still leads Bezos by over $100 billion, who ranks second on the billionaire list. Musk also mentioned that the DOGE team currently has over 100 people, which may increase to 200.

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