Abinger Investments' Highlights Elon Musk has stepped out of DOGE

ANSONIA, Conn. - June 3, 2025 - PRLog -- A renowned worldwide investment advising business known as Abinger Investments Limited has just published a thorough report that provides a detailed account of Elon Musk's recent resignation from the Department of Government Efficiency (DOGE) as well as the possible repercussions that this departure may have for investors and the market as a whole.

Elon Musk concluded his tenure as head of DOGE on May 30, 2025, after a four-month period marked by ambitious cost-cutting measures and significant controversy. Initially appointed by President Donald Trump in January 2025, Musk aimed to streamline federal operations and reduce government spending. However, his initiatives, including cuts to foreign aid and federal workforce reductions, sparked widespread protests and criticism. Musk defended DOGE, stating it became a scapegoat for various government issues and emphasizing that fears about impacts on Social Security were unfounded.

Behind the scenes, tensions reportedly grew between Musk and the Trump administration. President Trump allegedly questioned the feasibility of Musk's promises to save the government $2 trillion, with internal reports suggesting that the claimed $175 billion in savings were potentially inflated and offset by legal costs and reduced revenue.

In light of these developments, Musk announced his decision to step back from DOGE to refocus on his business ventures, including Tesla, SpaceX, and his AI company xAI. Notably, xAI is currently seeking to raise $300 million at a $113 billion valuation, while Neuralink has reportedly secured $650 million in funding.

Abinger Investments notes that Musk's departure from DOGE may reduce short-term volatility in markets influenced by his political involvement. However, his continued influence in the tech and crypto sectors, particularly with developments like the beta testing of his payment app X Money, suggests that investors should remain attentive to his activities.

The firm encourages diversified positioning in portfolios, with a focus on inflation-hedged assets and supply chain-resilient companies. Abinger Investments Limited offers a wide range of financial services, including investing, banking, securities, and investment management, to enterprises, financial institutions, governments, and people, among many. You can also find us at Abinger Investments Limited by visiting our website at https://abinger-investments.com. We would be happy to provide you with further information.

Mr. Liu Cheng
Investment Strategy Head
Email:  info@abinger-investments.com
Phone: +85258030545
Address: Gloucester Tower 15 Queen's Road Central, Central, Hong Kong