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 *

NEWS3 days ago

BREAKING: Jada Pinkett Smith Confesses Why She Left — Says Will ‘Sold’ Jaden to Diddy: “It Was Terrible”

NEWS1 week ago

SAD NEWS: some hours ago in Las Vegas. At the age of 55, after attending Amas, the family of star Jennifer Lopez just announced to fans the urgent news that she has…Below 👇👇

NEWS1 week ago

TO BE CONTINUED: The shocking “breakup” drama between Donald Trump and Elon Musk is far from over. From strategic allies to cryptic public statements, this quiet clash between two of the most powerful names on the planet is forcing the world to stop and watch. What exactly happened behind the scenes of this political-tech power fallout?…see more

NEWS1 week ago

ROYAL MELTDOWN ON LIVE TV: Prince Harry Abruptly Walks Off Colbert Set After Heated Clash—Audience Left Stunned as Tensions Boil Over! What Triggered the Explosive Exit? Inside the Shocking Moment That Has Both Hollywood and Buckingham Palace Buzzing—Find Out What Really Happened Behind the Scenes…see more!

NEWS2 weeks ago

“IT’S TIME TO TELL YOU EVERYTHING!” – Emotional Princess Anne In Tears as She Reads Out Late Queen’s LAST WILL – Catherine Receives UNBELIEVABLE Gift, which is….😱👇👇

CELEBRITY2 weeks ago

BREAKING: Ex -wife Tom Brady, Gisele Bündchen, suddenly showed signs of wanting to heal marriage right after or reported that he decided to sell lavish villas worth $ 150 million in Miami – Is the famous supermodel regret about the controversial divorce, or this is just a please kindly write me an article on move that makes Tom Brady more heartbroken when he still cannot forget the past? The truth behind Gisele’s hidden action makes the entire entertainment industry rise! Here’s Tom Brady responded straight… Details below

NEWS2 weeks ago

BREAKING: Tom Brady gifted his son Ben a massive valuable present just days after the news of Gisele’s pregnancy was revealed.you won’t believe what it isTom stated, “I don’t want my child to lack anything. I’m trying to make up for the pain their mother has caused them—it’s too cruel for a child to.” Details in comment 👇👇👇

NEWS2 weeks ago

BREAKING…Why Experts Fear Travis Kelce Might Be Taylor Swift’s Biggest Relationship Mistake GIVES THREE MAJOR REASONS…

NEWS2 weeks ago

JUST IN!!! Donald Trump’s one simple instruction to US officials if Iran try to kill him

CELEBRITY2 weeks ago

HOT NEWS: Alyssa Milaпo accυses Eloп JUST IN:Mυsk of caυsiпg her career to decliпe aпd caυsiпg a fiпaпcial crisis, demaпdiпg $400 millioп iп damages or she will release a video of…

CELEBRITY2 weeks ago

BREAKING NEWS!!! Food Network Star Anne Burrell’s Death Under Intense Investigation as Explosive New Details Emerge—Authorities Probe Mysterious Circumstances, Fans Reeling Over Sudden Loss and Startling Revelations That Could Change Everything About Celebrity Chef’s Final Days—Was There More to Anne’s Passing Than Anyone Realized?

NFL2 weeks ago

VERY SAD NEWS! Princess Catherine FORCED to CANCEL All Plans Last-Minute Ahead of Royal Ascot – Palace Reveals Heartbreaking Reason That Left the World Stunned— full details below👇

Copyright © 2025 USAok24