Tesla CEO Elon Musk lost over $100 billion of his wealth to DOGE, says ‘worth it’

A Bloomberg report said that the

Tesla

CEO Elon Musk’s wealth declined by 25% – around $113 billion – during his advisory role at the Trump administration's

DOGE

task force. US Vice President

JD Vance

recently shared a post on microblogging platform X (formerly Twitter) where he wrote: “Elon Musk lost 25% of his fortune, approximately $113 billion, while leading efforts to streamline the U.S. government.” “Are you willing to give Elon Musk a heartfelt “thank you”?,” he asked. The tech billionaire responded to Vance’s X post with a brief remark: “Worth it”.

In the same post, Musk replied by sharing two emojis – ♥️🇺🇸. Vance also commented: “All Love and Respect Mr Elon♥️🇺🇸”.

Tensions between Trump and Musk begin to ease

This comes amidst reports on tensions between Musk and President Donald Trump. The feud started after Musk criticized Trump’s “One Big Beautiful Bill” and even hinted that he should be impeached. In response, Trump threatened to cut off government deals with Musk’s companies. According to The Washington Post, Trump has called Musk a "big-time drug addict" in private talks with his allies. Trump also pulled back the nomination of Jared Isaacman — Musk’s pick — for NASA chief, adding more strain to their relationship.However, when recently asked by a reporter if he plans to speak to Elon Musk on the phone any time soon, Trump replied in a friendly tone, hinting at easing tensions between the two. Trump said “I haven’t really thought about it actually. I would imagine he wants to speak to me. If I were him, I would want to speak to me. Maybe he’s already called. You’d have to ask him. Ask him if he’s already called. But I’d have no problems with it.”