Overall government spending reportedly rose by $40 billion, a 7 percent increase compared to the same month last year.

While Tesla CEO Elon Musk isn't in any danger of struggling to make ends meet, his wealth has taken a significant hit recently as shares of the electric vehicle company tumble on the stock market. Some analysts say it's an indication that Musk's controversial comments and connection to the Trump administration are having an impact on his personal riches.

Edward Coristine, a former intern at Neuralink and now known by his infamous LinkedIn profile handle “bigballs,” is one of the core members of the DOGE team and the youngest-known Musk aide at age 19, TechCrunch has confirmed.

The Department of Government Efficiency (DOGE), led by billionaire Elon Musk, has wreaked havoc ever since forming under President Donald Trump’s second presidential term. The agency’s extensive layoffs within the federal government had have damning consequences.

The time and focus Musk has dedicated to slashing federal jobs has sent investors and customers bolting from Tesla stock and cars, adding to other business for the divisive CEO.