President-elect Donald Trump has officially announced the role of Tesla and SpaceX CEO Elon Musk in the White House. On X, the social media platform Musk purchased more than two years ago, Trump announced the news.
President-elect Trump stated, “I am confident in my ability to lead this nation and bring about positive change.”
“I am thrilled to share the exciting news that the esteemed Elon Musk, in collaboration with the dedicated American patriot Vivek Ramaswamy, will spearhead the Department of Government Efficiency Commission (DOGE). With their remarkable expertise, these exceptional individuals will play a pivotal role in streamlining our government, reducing burdensome regulations, eliminating unnecessary spending, and revamping federal agencies. This initiative is crucial for the success of the ‘Save America’ movement.”
In the announcement, Musk also shared his thoughts on his appointment.
“This statement is expected to create a significant impact within the system and raise concerns among individuals associated with government waste, a problem that affects a substantial number of people.”
During previous discussions, Trump and Musk have explored the possibility of the CEO taking on a role. However, due to Musk’s extensive involvement in various projects, it appeared highly unlikely. Trump acknowledged Musk’s interest in being involved but recognized that he already had a lot on his plate.
As the election drew closer, the tone shifted.
In September, there was already talk of Musk being considered to lead a Government Efficiency Commission. This commission appears to have some similarities to the Department of Government Efficiency, or DOGE, which could be a nod to the cryptocurrency that Tesla accepts.
According to a statement from President-elect Trump, Musk and Ramaswamy, who was once a candidate in the race for the Republicans, will complete their work by July 4, 2026.
DOGE has announced a partnership with the White House and Office of Management & Budget to initiate widespread structural reform and establish an innovative, entrepreneurial approach to Government that has never been witnessed before.
It will be intriguing to observe whether the stock reacts positively. Musk will be assuming more responsibilities amidst an already hectic schedule.
