Elon Musk Predicts Massive Savings in Future Government Efficiencies

Elon Musk announced at a White House meeting the expectation of $150 billion savings in fiscal year 2026 from the Department of Government Efficiency's efforts. Previously, Musk expressed confidence in achieving $1 trillion in savings.

At a White House cabinet meeting on Thursday, billionaire entrepreneur Elon Musk set out an ambitious financial outlook.

Musk declared that he expects the Department of Government Efficiency to generate $150 billion in savings by fiscal year 2026.

This follows a March statement where he projected the potential for $1 trillion in reduced government spending.

(With inputs from agencies.)