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Trump announces: Musk will take on a new position!
"Minister Ma" has arrived, whose task is to lead the "Government Efficiency Department", "dissolve government bureaucratic institutions, reduce excessive regulations, cut down on wasteful spending, and restructure federal institutions".
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Daily digital currency updates (2024-11-13)
After Trump appointed Musk and biotechnology company founder Vivek Ramaswamy to lead the Department of Government Efficiency (DOGE), dogecoin soared to 42 cents.
Trump has started forming his cabinet, issuing a bunch of offers! Musk will lead the new "Department of Government Efficiency," nominating a television host as the Secretary of Defense.
President-elect Trump announced a series of appointments on Tuesday, local time, including appointing Fox News host Pete Hegseth as Secretary of Defense, Republican lawyer Bill McKinley as White House legal advisor, John Ratcliffe as Director of the Central Intelligence Agency, and Congressman Mike Waltz as National Security Advisor. In addition, Trump stated that Elon Musk and Vivek Ramaswamy will lead the new 'Government Efficiency Department'.
Will Tesla continue to party in 'Trump 2.0'? Goldman Sachs cheers: could rise to $500!
Morgan Stanley analysts predict that if Tesla expands its business beyond autos, and Musk demonstrates new political power in the era of 'Trump 2.0', Tesla's stock price may rise to $500 per share, an increase of about 52.2% from the current level. Goldman Sachs believes that Tesla's autonomous driving capabilities may become the 'key' to its transformation into an ai giant, and Musk's political influence may help Tesla surpass auto manufacturers in the process.