ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Elon Musk uses a strange 'panda' analogy while defending his now-defunct DOGE project

Despite the cancellation of its contract, Musk believes that DOGE was on the right track.
PUBLISHED DEC 2, 2025
Tesla boss Elon Musk (Cover Image Source: Getty Images | Photo by Pascal Le Segretain)
Tesla boss Elon Musk (Cover Image Source: Getty Images | Photo by Pascal Le Segretain)

Donald Trump's campaign for a second term as U.S. President was supported in a lot of ways by Elon Musk, who was even chosen to lead the Department of Government Efficiency (DOGE). Presently, DOGE has been dissolved, with eight months remaining on its contract with Musk, and Trump is engaging in a war of words with him on social media. In a recent interview, the Tesla boss tried to defend his mission with an unusual comparison to pandas.

Elon Musk speaks at the Atreju political convention on December 15, 2023 | Getty Images | Photo by Antonio Masiello
Image of Elon Musk. (Image source: Getty Images | Photo by Antonio Masiello)

At the time of its formation, DOGE’s mission was to cut costs and stop federal funds from being ‘wasted’ as per a report in The Daily Beast. These efforts came under heavy criticism globally, as many believed that these efforts were stopping essential payments to needy people. Musk still believes that there was no wrongdoing involved, as a lot of the money that used to be sent as aid to other countries never reached the beneficiaries.

“Fraudsters necessarily will come up with a very sympathetic argument. They’re not going to say, ‘Give us the money for fraud,’” Musk said to entrepreneur Nikhil Kamath on his 'WTF Is' podcast, before adding, “They’re going to try to make these sympathetic-sounding arguments that are false. It’s going to be like the Save the Baby Pandas NGO, which is like, who doesn’t want to save the baby pandas?”

“They’re adorable. But then it turns out no pandas are being saved in this thing, it’s just corruption, essentially. And you’re like, ‘Well, can you send us a picture of the panda?’ They’re like, ‘No.’ OK. Well, how do we know it’s going to the pandas?” Clearly, this is a bizarre take on the whole matter. After all, DOGE’s contract was canceled with eight months still remaining, and Musk is perhaps scraping the bottom of the barrel to defend the department’s actions.

DOGE’s efforts seemed to have done more harm than good to the American public. The department had claimed that it had saved the government a lot of money. However, these numbers were never independently verified and often came under scrutiny. Initially, Musk had suggested that his department would be able to cut federal spending by a whopping $2 trillion in its first year, and then came down to $1 trillion.

(Image Source: Getty Images | Photo by Kevin Dietsch)
Elon Musk with President Donald Trump. (Image Source: Getty Images | Photo by Kevin Dietsch)

Later on, in a cabinet meeting in April, the Tesla boss drastically cut down that figure to $150 billion. No matter DOGE caused a lot of pain to the American people. Their efforts to cut government spending saw the shutdown of multiple federal departments, which resulted in hundreds of people being laid off. Some of the departments affected were the United States Digital Service and the Federal Mediation and Conciliation Service.

More on Market Realist:

Elon Musk could become world's first trillionaire — it all depends on Tesla shareholders

Elon Musk is set to become world's first trillionaire — if he hits these key business milestones

Nobel-winning economist issues warning about Trump’s tariffs ‘depressing the economy’

MORE ON MARKET REALIST
"This week's regular edition BR ended with only one win on Thursday," a fan reacted.
3 hours ago
Fans of the show caught on to the trick the host was talking about, although he didn't reveal it.
15 hours ago
At one point, it seemed like the contestant would fail to win the car.
15 hours ago
Experts expect buyers and sellers to find common ground while negotiating in 2026.
18 hours ago
Individual and bankruptcy filings have been on the up towards a return to pre-COVID levels.
20 hours ago
One GoFundMe page raised over $480,920 for the Ford employee within 24 hours, while another raised over $330,055.
1 day ago
"Iceland? I am jealous!!! Oh, yeah, I'm jealous of the $40k, too, LOL. Gr8 solve, Mat!" a fan reacted.
1 day ago
Despite widespread economic concerns, big banks who posted big profits remain bullish.
1 day ago
One simply has to look at the number on the product tag to gauge its quality.
1 day ago
The contestant was quite nervous towards the end but played the game perfectly.
1 day ago
The retailers were part of a group that sued banks and credit card companies two decades ago.
1 day ago
The President signed an executive order about the name change back in September.
1 day ago
The company laid off more than 5,500 employees and that affected its income for the year.
1 day ago
"We're going to have tremendous workforce availability. We're also going to have robots helping us," Trump had stated earlier.
1 day ago
"He almost had it, that was so close," an upset fan said about the disappointing loss.
2 days ago
The President reiterated that believes the affordability crisis is a Democrat hoax.
2 days ago
The contestant was at the show's taping for the first time and was a big fan of Carey's work.
2 days ago
AI is making online shopping easier, but it’s also helping scammers steal more money.
2 days ago
The trend in investors selling US stocks and diversifying in European stocks is growing.
2 days ago
BlackRock is also ready to bet big on the AI boom as it feels the tech is here to stay.
2 days ago