DOGE still claims a far higher figure of $160 billion in estimated savings, but a closer look at Musk’s activities at DOGE show that the billionaire bureaucrat barely made a dent in the trillions of dollars he set out to slash in government spending.

He's dialing down his DOGE role but Tesla needs a new hit EV and none is on the horizon. And the company’s booming battery business will suffer from Trump’s tariffs.

Consumers may reject the billionaire’s toxic politics and obnoxious personality, but many investors still buy into the Musk myth.