Business

Musk leaves Doge, Tesla in trouble. Prof. Kołodko: he poured a child with a bath

After half a year of head of the Department of Government Efficiency (Doge), whose goal was to find savings at the expense of personal cuts in federal administration, Elon Musk decided to give up his political career and return to the world of business. His Tesla cannot include the first quarter of this year. To successful. According to the former finance minister prof. Grzegorz Kołodka for the results of Musk's work you can have many reservations, although some of the assumptions he managed to make.

Musk leaves Doge, Tesla in trouble. Prof. Kołodko: he poured a child with a bath
Musk leaves Doge, Tesla in trouble. Prof. Kołodko: he poured a child with a bath
photo: Evelyn Hockstein / / Forum

– Certainly Elon Musk had a great influence on Donald Trump, because if he hadn't had, he wouldn't engage him for some time, which has already passed. But Trump, being a business man himself, is most likely delighted or even enchanted by successes in the field of Elon Musk's business, and he is a talented man from this side – says Newseria information agency prof. dr hab. Grzegorz Kołodko, former Deputy Prime Minister and Minister of Finance, lecturer at the Leon Koźmiński Academy and author of Books “Trump 2.0. Revolution of a sick sense.” – As for his talents, which were verified in the field of economic policy, you can have big reservations, so it was most likely taking it More out of the emotion of one businessman in relation to another businessman than from a common sense economic account.

Elon Musk ZakoHe was his 130-day mission for Donald Trump and returned to business. For over half a year, he was headed by Doge, a government efficiency department, i.e. an agency whose goal was to reduce the number of employees at other government agencies. He was also one of Donald Trump's main advisers. At the end of May, however, he announced his departure, and although he had previously announced a return to business, commentators pay attention to the skepticism with which he referred to the “great, beautiful” tax law, which Donald Trump is pushing in Congress.

The goal of Elon Musk, who was entrusted with the task of slimming government administration after in 2022, after taking over Twitter, he released 80 percent from the company. employees, it was Reduction of government expenses by $ 2 trillion However, they managed to reduce “only” by $ 150 billion. In an interview with CBS, Musk complained about the resistance of the federal administration with which he encountered and which he did not expect.

According to Reuters in the information from mid -April, Musk managed to slow down 260 thousand federal employees from the 2.3 million Reich employed in the administration of officials. It was a time when the second check -in offer began. 75,000 benefited from the first, January people. In the treasury, full-time jobs were to be reduced by 20-25 percent. From the original number of 22,000, in the Health Department employment fell from 82 thousand. up to 62,000, and employing 950,000 people Department of Defense was to say goodbye to 5-8 percent. employees. The exemptions did not go smoothly; Some employees referred to the courts that recognized their arguments. This concerned, among others 24 thousand employed for a contract for a trial period; The court ordered to restore them to work in March.

– The question was what was the criterion of possible success of this cooperation. Musk can say that not everything came out, we made some mistakes, and we immediately repaired them, and Trump in his style will say that everything succeeded, because even if he fails one hundred percent, he says that it is “great”, “Beautiful”, “Wonderful” and so on – indicates lecturer at the Leon Koźmiński Academy. – Therefore, the question is what were the assumptions through the involvement of Elon Musk's policy, and from this point of view some of these assumptions, for example, clearly aging in the central American Federal Administration, was largely implemented, but whether it was a good action, that is another matter. In my opinion not because On the occasion of Musk or Trump with his hands Muska poured a child with a bath.

The impulse to move away from politics could be the terrible results of his company Tesla, which in the first quarter recorded high decreases in sales: revenues from the automotive industry fell by 20 percent. Compared to the previous year, i.e. to the lowest level from 2021. This reduced Tesla's total revenues by 9 percent. year on year, a decrease in operational profit by 66 percent and net profit by 71 percent Tesla's quarter of 2025 has earned the least since 2020.

– I think that Elon Musk lost more – says prof. Grzegorz Kołodko, asked if Musk gained more or lost his cooperation with the Trump administration. – He certainly gained some experiences, for some time he was not for technological or business reasons, but political on the lips, if not the whole world, at least those who watched what was going on there. However, regarding his business, because some suspected that he was politically involved in order to shot the economic situation even more and earn another billion dollars, he also suffered some losses. But I think that he is very pleased with himself, because he did something, and his criteria for rationality and irrationality are different than those we are talking about here.

Source:

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button