2024-11-13 13:29:09
Politics
Business

Elon Musk Joins Trump's Government Efficiency Initiative

Image courtesy of : AFP (ALAIN JOCARD)

Elon Musk, the renowned CEO of Tesla and SpaceX, has been appointed by former President Donald Trump to co-lead the newly established Department of Government Efficiency. Tasked with significantly reducing government spending, Musk promises to make sweeping reforms, aiming to cut $2 trillion and thousands of positions. This initiative, reminiscent of the ambitious Manhattan Project, seeks to dismantle bureaucracy and streamline governmental operations.

Musk's appointment has raised eyebrows due to his existing ties with government contracts and subsidies, especially through SpaceX. His involvement bears potential conflicts of interest, as his companies continue to benefit from lucrative government deals. Despite these concerns, Musk remains undeterred, expressing his intent to 'send shockwaves' through the political establishment.

Joining Musk is Vivek Ramaswamy, a wealthy entrepreneur and Trump loyalist. Together, they plan to implement an 'entrepreneurial' approach to reforming the government. Their mission aligns with Trump's vision of reducing bureaucracy, promoting efficiency, and cutting costs. This partnership reflects the close ties between Musk and Trump, which have grown stronger since Trump's election victory. Musk's support for Trump included significant financial contributions to his campaign and active participation in voter registration efforts.

While Musk's political engagement intensifies, it also attracts scrutiny. Questions about his influence on U.S. politics and the potential implications for his businesses abroad, particularly in China, are being raised. As Musk steps into this new role, the balance between his corporate interests and governmental responsibilities will remain a focal point of public discussion.

zeit
13. November 2024 um 05:36

USA: Elon the Great

Politics
Economy
Technology
The donations have paid off: Donald Trump gives Elon Musk the position he had wished for. The influence of the billionaire could now become even greater.
EURACTIV.com
13. November 2024 um 06:04

Elon Musk wades into Italian political drama over Albanian migrant deal

Politics
Elon Musk, a key ally of newly re-elected US President Donald Trump, criticized Italian judges over the controversial Italy-Albania migration outsourcing deal, sparking domestic backlash. Officials condemned Musk's comments as dangerous and inappropriate. Opposition demanded Meloni denounce Musk's interference, warning of serious consequences if he speaks for Trump. Musk has close ties to Meloni, fueling speculation he could become Trump's main European interlocutor. Salvini, Meloni's coalition..
morgenpost
13. November 2024 um 03:38

Lucrative "Bromance": Musk Gains Access to Trump's Feeding Troughs

Elon Musk secures influence in Trump's government; leads new commission on cost-saving and deregulation; potential conflict of interest through Musk's company SpaceX and influence on the space business; Musk donated to a political action committee supporting Trump's election campaign; Tesla's stock prices and returns rose after Trump's election; Trade criticism with China would be bad for Musk, as Tesla operates a highly profitable factory in Shanghai; Trump referred to Musk as a "potential su..
Crypto.news
13. November 2024 um 07:52

Department of Government Efficiency Tokens rally after Trump appoints Musk as head

Politics
Technology
Economy
Finance
The Department of Government Efficiency will operate externally to provide the White House with advice and guidance, partnering with the Office of Management and Budget.
gmx
13. November 2024 um 07:39

Musk wird Sparfuchs der neuen US-Regierung

Politik
Wirtschaft
Technologie
Als Chef von Tesla und der Raumfahrt-Firma SpaceX hat Elon Musk oft mit Behörden zu tun. Im Auftrag von Donald Trump soll er jetzt Vorschläge für Regierungsreformen machen. Ein Interessenkonflikt?
CW

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