Elon Musk, the Tesla (TSLA) CEO who also leads several other tech companies and is the de facto head of the Department of Government Efficiency (DOGE), says he’s having trouble juggling it all.
In an interview with Fox Business Network (FOXA) on Monday afternoon, Musk discussed his efforts to curb what he described as a “tremendous amount of waste and fraud in the government.” He said DOGE now operates in almost every federal agency and that his team has grown to more than 100 staffers, with plans to expand to 200.
When Kudlow asked how Musk is managing his many businesses alongside his role in President Donald Trump’s administration, Musk replied, “with great difficulty.”
“I’m just here trying to make government more efficient, eliminate waste and fraud,” Musk said. “And so far, we’re making good progress, actually.”
Musk leads several major tech firms, including Tesla, SpaceX, X (formerly Twitter), Neuralink, and The Boring Company, with some performing better than others.
His social media platform, X, experienced multiple outages on Monday. Musk said the disruptions were caused by a “massive cyberattack.”
Additionally, backlash over Musk’s relationship with Trump has helped fuel a stock sell-off thaterased all of Tesla’s post-election gains, after the shares reaching record highs in December.
Tesla stockfell 15% on Monday to about $222 per share, extending a months-long slide that has seen the stock drop more than 44% since January.
The selloff has significantly impacted Musk’s wealth. His estimated net worth has fallen from a peak of $486 billion to $330 billion, according to the Bloomberg Billionaires List. Despite the $156 billion loss, Musk remains well ahead of Jeff Bezos, whose net worth is estimated at $220 billion.
For the latest news, Facebook, Twitter and Instagram.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。