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Musk’s DOGE madness could actually move markets. Here’s how

Elon Musk’s controversial Department of Government Efficiency is creating plenty of noise. Some in markets are starting to ask: what if it actually works?

Donald Trump’s return to the White House was always going to be a spectacular adventure. But it would be nothing without Elon Musk.

Not only is the billionaire using his X social media platform to amplify nearly every aspect of Trump’s swashbuckling policy agenda – with the exception, perhaps, of the tariffs that must be a risk to Musk’s China-exposed electric vehicle giant Tesla – but Musk appears to be cutting a swath through the bureaucracy with his Department of Government Efficiency.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/musk-s-doge-madness-could-actually-move-markets-here-s-how-20250210-p5larv