Saving $2 trillion would be a "best-case outcome" for DOGE, Elon Musk said on Wednesday.Musk said DOGE has a "good shot" at saving $1 trillion, and that would still be an "epic outcome."The Tesla chief had previously said that his commission would save "at least" $2 trillion.Elon Musk cast doubt on his previous promise that President-elect Donald Trump's "Department of Government Efficiency" would save the government $2 trillion."I think we'll try for $2 trillion. I think that's like the best-case outcome," Musk told political strategist Mark Penn during a Wednesday evening chat on X on Wednesday.In October, Musk said that DOGE would save the government $2 trillion. Some federal budget experts immediately questioned whether it would be possible to make such significant cuts, especially given that Trump has promised not to touch programs like Social Security and Medicare.Musk said that he thinks that panel has a "good shot" at saving $1 trillion."But I do think that you kind of have to have some overage," Musk told Penn. He added that he thinks the commission has a "good shot" at saving $1 trillion."If we can drop the budget deficit from $2 trillion to $1 trillion and free up the economy to have additional growth, such that the output of goods and services keeps pace with the increase in the money supply, then there will be no inflation. So that, I think, would be an epic outcome," Musk continued.Musk did not specify in October what cuts he planned to make to achieve that target, which would involve slashing government spending by nearly a third. The federal government spent $6.75 trillion in the 2024 fiscal year.Musk, however, still told Penn on Wednesday that he thinks the government remains "a very target-rich environment for saving money.""It's like being in a room full of targets. Like you could close your eyes, and you can't miss," he added.Republican lawmakers have moved quickly to support DOGE's efforts. Sen. Joni Ernst of Iowa and Rep. Marjorie Taylor Greene of Georgia will lead their respective chamber's work with the panel.The Tesla CEO's influence has soared since Trump's victory. In recent weeks, Musk played a leading role in helping kill sweeping legislation to fund the federal government briefly increasing the risk of a shutdown.Earlier Wednesday, Trump waived off concerns about Musk's political moves in Europe. The Tesla CEO has repeatedly criticized British Prime Minister Keir Starmer and called for Reform UK leader Nigel Farage, a Trump ally, to step aside. Musk has also endorsed Germany's far-right AfD party ahead of elections next month. Top leaders have pushed back in response."You mean where he likes people that tended to be conservative? I don't know the people," Trump told reporters during a wide-ranging news conference. "I can say Elon's doing a good job. Very smart guy."Musk and President-elect Donald Trump's transition team did not immediately respond to requests for comment from Business Insider.Trump will be sworn into office on January 20.