The head of DOGE told Fox Business that $500 billion to $700 billion in waste needed be cut from federal benefit programs.

White House damage control after Musk comments on cutting $500-700 billion in entitlement spending “waste and fraud”

Among the potential changes are layoffs for more than 10% of the agency’s workforce and the closure of dozens of offices throughout the U.S. It’s all part of the Trump administration’s efforts to shrink the size of the federal workforce through the Department of Government Efficiency,

Sources tell WIRED that Elon Musk has wanted a government shutdown in part because it would potentially make it easier to eliminate the jobs of hundreds of thousands of federal workers.

Musk thinks Tesla's profits can go up 1,000% in five years. Its electric vehicle business is struggling right now, and its new products are taking a while to come to market. The company is unlikely to grow its profits this quickly,