$Tesla (TSLA.US)$
Trump chose Musk and billionaire entrepreneur Ramaswamy to co-lead the "Department of Government Efficiency," which could be a sign that Musk will occupy an important position in the White House and ultimately be bullish for Tesla.
On Tuesday night, the newly elected President of the United States, Donald Trump, announced that Tesla's CEO Elon Musk and Vivek Ramaswamy, who previously ran for the Republican presidential candidate, will lead the establishment of the "Department of Government Efficiency" (DOGE). The abbreviation DOGE of this department is the token symbol of dogecoin that Musk often talked about in the past.
What is the "Department of Government Efficiency"?  
 Trump said in a statement: "These two outstanding Americans will work together to eliminate government bureaucracy, reduce excessive regulation, cut waste spending, and restructure federal agencies under my leadership."
Trump said that Musk and Ramaswamy will provide "advice and guidance", and collaborate with the White House Management and Budget Office with the goal of creating a "more efficient, less bureaucratic small government".
It is worth noting that the establishment of new government departments requires approval from the U.S. Congress, otherwise, "government efficiency...

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