White Home Senior Advisor Elon Musk walks to the White Home after touchdown in Marine One on the South Garden with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC.
Samuel Corum | Getty Photos
DOGE chief Elon Musk mentioned Monday that he’s working his companies “with nice issue,” as shares of his automotive agency Tesla suffered their worst drop in a half-decade, and as his social media firm X skilled a number of outages.
Musk additionally mentioned throughout an interview on Fox Enterprise that he anticipated to stay within the Trump administration for an additional yr.
Tesla’s inventory has fallen each week since Musk joined the Trump administration as head of the Division of Authorities Effectivity, which is engaged in a broad, controversial effort to scale back federal authorities spending and worker headcount. The electrical automobile firm has misplaced greater than 50% of its market capitalization, equal to just about $800 billion.
On Monday, Musk mentioned there are presently greater than 100 folks on DOGE’s group. He mentioned that the variety of DOGE staffers would possibly improve to 200.
“Except we’re stopped, we’ll get to $1 trillion of financial savings,” Musk predicted.
Musk’s estimates of financial savings have been challenged, and DOGE has deleted a number of the largest purported financial savings that it listed on its web site.
Along with Tesla and X, Musk’s different companies embrace the area exploration firm SpaceX and the neurotechnology firm Neuralink.
In Monday’s interview, Fox Enterprise host Larry Kudlow mentioned that as head of DOGE, “You are giving up your different stuff.”
“How are you working your different companies?” Kudlow requested.
Musk replied, “With nice issue,” and chuckled.
“Yeah, I imply,” Musk sighed.
“I am simply right here making an attempt to make authorities extra environment friendly, get rid of waste and fraud, and up to now we’re making good progress, truly,” he mentioned. “Our financial savings at this level exceed $4 billion a day. So it’s extremely vital.”
Tesla shares shut common buying and selling down greater than 15.4% on Monday.
Musk blamed the outages that X skilled Monday on “a large cyberattack” from web protocol addresses originating within the Ukraine space.”
He didn’t present any proof for that declare.
Musk earlier Monday in a tweet directed at Democratic Arizona Sen. Mark Kelly wrote, “You’re a traitor,” requested Kelly posted a few go to he made to Ukraine over the weekend.
“Everybody desires this warfare to finish, however any settlement has to guard Ukraine’s safety and cannot be a giveaway to Putin,” Kelly had written, referring to Russian chief Vladmir Putin, who ordered his nation’s invasion of Ukraine three years in the past.
Kelly, who’s a former U.S. Navy pilot and NASA astronaut, fired again at Musk’s “traitor” remark.
“Traitor?” Kelly wrote. “Elon, in case you do not perceive that defending freedom is a primary tenet of what makes America nice and retains us secure, perhaps it’s best to go away it to these of us who do.”
The back-and-forth between the 2 males comes because the Trump administration pressures Ukraine to succeed in a peace cope with Russia.
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