Connect with us

NEWS

BREAKING NEWS!!! ELON MUSK REVEALED why his companies are “suffering” because of his work with the White House..

Published

on

Elon Musk says his companies are ‘suffering’ because of his work with the White House
lloydlee@insider.com (Lloyd Lee)

Elon Musk, who runs Tesla, xAI, X, and SpaceX, has also been busy with his new role as a special government employee for the White House.
Kenny Holston/The New York Times

He said his White House role has been “disadvantageous” for his business empire.
President Donald Trump has tried to prop up Musk’s EV company amid Tesla’s recent stock decline.
Elon Musk said his companies are “suffering” due to his work with the Trump Administration, pointing to recent attacks against his EV company.

In the second half of a two-part interview on Fox News’ “Special Report” that aired Friday, Bret Baier asked the CEO to address any conflict of interest between his business empire and his work at the White House.

Musk, who runs SpaceX, Tesla, xAI, X, and a tunneling company, was designated a special government employee after President Donald Trump’s electoral victory.

He has put much of his focus on cutting federal spending. The White House has said that Elon Musk is not the head of the DOGE office, which is leading the administration’s efforts to downsize the government, but the CEO has repeatedly been referenced as the de facto leader.

Musk said it has been “disadvantageous for me to be in the government, not advantageous,” adding that his “companies are suffering because I’m in the government.”

Musk pointed to the recent troubles at Tesla.

The company has experienced a stock dip amid disappointing global sales figures and investor concern that the CEO is spending too much time away from his company. Tesla also has faced a series of protests, vandalism incidents, and attacks against its showrooms and vehicles — which Musk cited to Baier — raising concerns from some on Wall Street that Musk has damaged the brand of his company. It’s unclear what the impact has been on his other companies.

Musk previously said he was overseeing his companies with “great difficulty,” and, in a surprise all-hands Tesla meeting on March 20, urged stakeholders to “hang on to your stock.”

The Tesla CEO’s business empire has been supported by billions of dollars worth of government contracts or subsidies and still stands to gain during Trump’s second term.

The White House’s DOGE office, for example, has moved to either de-fang or entirely shut down government agencies that were once investigating Musk’s companies.

Earlier this month, Trump stood in front of the South Lawn of the White House with several Tesla models for a media event, praising the electric vehicles he was once hesitant to endorse.

The president’s second term has created an uncertain economic landscape with his reliance on tariffs as a leveraging tool against global trade partners and as a way to urge companies to produce domestically.

Wall Street estimates that Trump’s recent 25% tariffs against all auto and auto part imports could cost the industry as much as $82 billion.

Musk said in an X post on Wednesday that his company would not be “unscathed” by the tariffs, but Tesla could be the winner in the outcome as the company would be relatively insulated from the tariffs’ impacts since all of its cars are final-assembled in the US.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

NEWS2 weeks ago

Breaking News: 30 minutes ago ‘Hunter Biden’ refuses to back down on Melania’s billion-dollar lawsuit. Responds: “Never! That’s not going to happen. They’re bullies and they think a billion dollars scares me.” If the President, the First Lady, or any of Epstein’s associates want to testify about their relationship, I’ll gladly give them the floor because I’ve…

NEWS2 weeks ago

BREAKING!!! Putin ‘immediately’ read Melania Trump’s letter in front of delegates at Alaska summit,and it responsed Shocked everyone…see more

NEWS2 weeks ago

JUST IN:Queen Camilla’s Son THROWN OUT of Palace After Prince William Caught Him BULLYING Catherine The palace walls shook with shock. Prince William caught Queen Camilla’s son bullying Catherine—and what happened next changed everything. William made a bold move that stunned insiders and ignited public outrage…SEE MORE

NEWS2 weeks ago

Simone Biles and Jonathan Owens Welcome First Child – But It’s the Baby’s Name and Its Hidden Meaning That’s Leaving NFL and Gymnastics Fans in Total Shock!…..read more👇

NEWS2 weeks ago

Latest Update: 45, and at 3 a.m. today, I finally became a father!.. Both my wife and I are orphans, and no one has congratulated us. Maybe no one will say it, but we want to share this joy anyway . May everyone who blesses us be blessed.

NEWS2 weeks ago

BREAKING NEWS:3 MINUTES AGO! Queen Camilla has urged King Charles to “limit” Prince William’s power within the monarchy because…SEE MORE

NEWS2 weeks ago

Karoline Leavitt UNLOADS on Robert De Niro During LIVE TV Appearance — And Instantly Regrets It in Front of Millions! A moment that left the audience frozen, as Karoline Leavitt furiously unloaded on legendary actor Robert De Niro during a tense, emotionally charged live interview — only to be instantly humiliated in what fans are now calling the most stunning fall from confidence on live TV. What began as a routine exchange quickly spiraled into chaos, as Karoline Leavitt decided to “lecture” De Niro, boldly attacking and challenging him on politics, Hollywood hypocrisy, and the entire system he thought he still controlled.So what exactly did Robert De Niro say… that turned this instant into the biggest in history of live television confrontation? 👇

NEWS2 weeks ago

💔 BREAKING: First Day of School Turns into Nightmare – Sirens, Chaos & Tears 😢🚨 40 children here, 58 there… panic, blood, and prayers. My heart can’t stop crying. Full story below 👇

NEWS2 weeks ago

VERY, VERY SAD NEWS: 25 minutes ago in California, Tom Brady just announced a VERY URGENT UPDATE to his fans that Tom Brady’s farther, Thomas Brady Sr, is now…

NEWS2 weeks ago

JUST IN:William and Kate’s Sweet Revenge: Royal Family Reveals DNA Results of Harry’s Son — Meghan in Tears: ‘So the Royal Bloodline Was Actually…’”see more⤵️

NEWS2 weeks ago

MYSTERY IN THE FINAL HOURS: The Secret Iceland Plane Ticket Found After Antony Tr:agic D:ea:th — And the Questions It Left Behind Three days after Antony l!fe was cut sh0rt, his grieving wife uncovered something that deepened the pain…see more

NEWS2 weeks ago

JUST IN:10 Minutes Ago! Harry ‘Covers His Face’ After Prince Edward Reveals the Paternity Test Results of Him and Lilibet: ‘I Knew It, Her Real Father Turns Out to Be…’” SEE MORE BELOW 👇👇👇

Copyright © 2025 USAok24