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Elon Musk's companies have seen significant benefits under the Trump administration, including reduced regulatory scrutiny and lucrative government contracts, particularly for SpaceX and xAI. Despite facing backlash and declining Tesla sales, Musk's net worth has surged, with his ventures gaining international traction, such as Starlink's expansion in Saudi Arabia. However, challenges remain, including tariffs and public disapproval, which have impacted Tesla's brand reputation.
Elon Musk's Department of Government Efficiency (D.O.G.E.) aims to cut federal spending and improve government efficiency, addressing concerns over outdated IT systems that consume 80% of a $100 billion budget. His recent comments have sparked optimism in the crypto market, particularly for Dogecoin, despite a recent price retreat. Market experts remain bullish, predicting a potential rally to $1.05 for the meme coin.
Lauren McFerran
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Musk's Ventures Gain Momentum with U S Government Support and Contracts
USA
SAU
ZAF
Donald Trump
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Elon Musk
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12:30 24.05.2025
Elon Musk's D.O.G.E. Aims to Cut Federal Spending and Boost Efficiency
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Tesla, Inc.
USA
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Elon Musk
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12:41 10.12.2024
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