Musk 'says goodbye' to Trump's cabinet, claims DOGE has saved $160 billion, far below the initial target.

According to media reports, on Wednesday local time, Musk claimed at a White House meeting that the government efficiency department (DOGE) he leads has saved $160 billion in spending to date. This is far from his promise last fall to 'cut at least $2 trillion.'

The report mentioned that during the meeting, when President Trump said that DOGE had 'saved' $150 billion, Musk immediately corrected him: '$160 billion, but who’s counting?'

It is worth noting that Musk had already begun to downplay the initial commitment in an interview this January, stating: 'If we aim to cut $2 trillion, then the actual number might be around $1 trillion.'

Some experts have questioned whether the actual savings of DOGE could be much lower than the $160 billion claimed by Musk. According to the nonprofit Partnership for Public Service, 'layoffs, rehires, productivity losses, and paid leave for thousands of workers related to DOGE will cost more than $135 billion this fiscal year.'

This means that despite Musk’s insistence on significant results, the DOGE project may actually lead to an increase in net government spending.

Meanwhile, at last week’s earnings call, Musk promised investors that starting next month, he would allocate more time to Tesla. $DOGE