Not bad pay for a side hustle! For months now, Musk has been busy promoting—and funding—Donald Trump’s return to the White House, and since November he has committed himself, as the co-chair of Trump’s loftily titled Department of Government Efficiency (really just a White House commission-in-waiting) to disrupting the workings of a federal government over which his new boss has yet to assume control. These labors paid off on Wednesday when Musk, with a series of posts on X, successfully derailed a bipartisan spending bill to keep the government running through mid-March, thus bringing Congress to the brink of a government shutdown. On that same day, Tesla’s stock price, which had been soaring since Election Day amid the blossoming of the Musk-Trump bromance, fell 8 percent.
But of course we can’t assume that same time allocation, because Musk has taken on more roles since then. In 2022, he acquired the aforementioned X, then called Twitter, and put a great deal of effort into running it into the ground (losing, according to the financial columnist Allan Sloan, more than $25 billion). Now Musk appears to spend most of his time screwing up the federal government.
Tesla’s $14 billion-dollar-a-year-man also begrudges Congress a raise to about $181,000, which Musk calls a “40% pay increase”; in fact, it’s a maximum increase of just 3.8 percent. Musk reposted a claim that transferring control of the former site of RFK stadium, where the Washington Redskins (now the Washington Commanders) once played, would cost U.S. taxpayers $3 billion; in fact, it would cost these taxpayers nothing. And so on.
If Musk’s first venture into ferreting out government waste is any sign, the quality of his work product will not be good. As I observed around this time one year ago, Musk is what we get when society values “creativity” over everything else, including knowledge, discipline, public-spiritedness, and basic human decency. Tesla may fetishize Musk’s flights of fancy, but the country’s going to learn how little value the man really delivers. Musk won’t be paid by the federal government, but even so he’s demonstrating already that the price of employing him is too high.
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