Musk is leading what's known as the Department of Government Efficiency, or DOGE. As of Monday, the DOGE website claimed that, through March 24, the program had notched $140 billion in federal spending reductions, a number equal to less than one-third of Tesla's valuation loss in the first quarter. White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Tesla's stock just wrapped up its w ...