Elon Musk Says 'DOGE To Mars' But Memecoin Fails To Get A Liftoff Amid Department Of Government Efficiency Lawsuits

Benzinga

Tesla CEO Elon Musk highlighted the importance of the Department of Government Efficiency during Donald Trump's presidential inauguration, emphasizing its mission to cut federal spending and eliminate regulations. Musk’s speech referenced Trump’s election victory and promised a secure future, while stating, "We’re going to take DOGE to Mars." The agency faced lawsuits and Ramaswamy's expected resignation, raising questions about its stability. Dogecoin, which often reacts to DOGE developments, dropped over 3% in value with a 22% plunge in trading volume following the news.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Tesla CEO Elon Musk highlighted the importance of the Department of Government Efficiency

00:07during Donald Trump's presidential inauguration, emphasizing its mission to cut federal spending

00:13and eliminate regulations.

00:15Musk's speech referenced Trump's election victory and promised a secure future while

00:20stating we're going to take Doge to Mars.

00:23The agency faced lawsuits and Rameshwami's expected resignation, raising questions about

00:27its stability.

00:29Dogecoin, which often reacts to Doge developments, dropped over 3% in value with a 22% plunge

00:34in trading volume following the news.

00:37For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended