Elon Musk’s Department of Government Efficiency (DOGE) may soon be terminated due to pushback from Trump Cabinet officials and financial pressures, according to investor Scott Galloway. During a CNN interview with Anderson Cooper, Galloway predicted that DOGE will “die a quiet death” within the next 30 days.
Galloway cited Musk’s struggling companies, Tesla and SpaceX, as reasons for his prediction. Since December last year, Tesla’s value has dropped by 50% from $480 to $220 per share, while its growth vehicle, SpaceX, has seen a valuation decrease from around $350 billion to $147 billion just months ago.
Musk holds a 42% stake in SpaceX and is said to be losing hundreds of billions of dollars due to the decline in their market values. Galloway believes Musk will likely leave his role in the Trump administration to preserve his remaining net worth, resulting in DOGE’s demise.
Galloway’s prediction comes as the Trump administration has been granted carte blanche to make significant cuts to federal agencies and lay off thousands of workers, with Tesla and SpaceX being affected.
Source: https://www.alternet.org/investor-doge-dead