Summary

Elon Musk falsely claimed an $8 billion saving on a canceled contract that was actually worth only $8 million, significantly inflating its reported $55 billion in total savings.

The error, first identified by The New York Times, was based on an incorrect figure in federal procurement records.

Additionally, DOGE’s accounting has been questioned due to inconsistencies in its reported savings, including counting already-paid portions of contracts and taking credit for office closures when Joe Biden was still president.

DOGE has not publicly addressed the mistake.