It was originally believed that Elon Musk was leading the agency as he had been instrumental in setting up the framework for what Trump wanted to accomplish.

Current prices put the auto maker’s market value below $1 trillion. The stock needed to maintain a share price of about $311 to keep that mark.

Shares of EV maker Tesla (TSLA) are plummeting in today’s trading, which has brought its market value to below $1 trillion for the first time

Nearly 40% of the federal contracts that President Donald Trump’s administration claims to have canceled as part of its signature cost-cutting program aren’t expected to save the government any money,

President Trump signed an executive order on Wednesday empowering DOGE to scrutinize how federal agencies spend money, the latest expansion of Elon Musk's cost cutting powers. Why it matters: Trump, who hours earlier backed Musk's email to federal employees asking them to outline what they accomplished at work last week,

As the head of President Trump’s new Department of Government Efficiency (DOGE), Tesla CEO Elon Musk has vowed to cut between $1 trillion and $2 trillion from the annual federal budget by 2026. “I think we can do at least $2 trillion,