Elon Musk said that his companies were “suffering” because of his work with the Trump administration, pointing to the recent attacks against his company EV.
In the second half of a two -part interview on a “special report” that was broadcast on Friday, Brett Bayer asked CEO of dealing with any conflict of interests between the empire of his business and his work in the White House.
Musk, who runs Spacex, Tesla, Xai, X and A Tunneling Moster, was assigned to a private government employee after President Donald Trump’s election.
He put a lot of focus on federal spending pieces. The White House said Elon Musk is not the head of the DOGE office, which leads the administration’s efforts to reduce the size of the government, but was referred to the CEO repeatedly as an actual leader.
Musk said that “it is not dead for me to be in the government, and not helpful,” adding that “his companies are suffering because I am in the government.”
Musk pointed to the recent problems in Tesla.
The company witnessed a decrease in stocks amid the disappointing global sales numbers and the investor’s concern that the CEO spends a lot of time away from his company. Tesla also faced a series of protests, sabotage incidents, and attacks against showrooms and vehicles – which Musk cited to Bayer – raised concerns from some in Wall Street that musk had damaged the brand of his company. It is not clear that the influence on his other companies was not clear.
Musk previously said that he was overseeing his “great difficulty”, and in a surprise at the Tesla meeting on March 20, stakeholders urged “adherence to shares.”
Tesla executive empire has been supported by billions of dollars from government contracts or subsidies and will still get a profit during Trump’s second period.
For example, Duji’s office in the White House moved to either to De-FANG or completely closed government agencies that were once investigating Musk.
Earlier this month, Trump stood in front of the southern grass of the White House with many Tesla models for a media event, praising the electric cars that he was hesitant in hunting.
The second president’s mandate created an unconfirmed economic scene, with his reliance on customs tariffs as a tool to benefit from international trade partners and as a way to urge companies to produce locally.
Wall Street estimates that the recent Trump tariff is 25 % against all imports of cars and cars, the industry may cost up to 82 billion dollars.
Musk said in the X publication on Wednesday that his company will not be “safe” by the definitions, but Tesla could be the winner of the result because the company will be relatively isolated from the effects of definitions because all its cars are final in the United States.
A Tesla spokesman did not respond to a request for comment.
