Elon Musk Struggles to Balance Government Role as Tesla Stock Plummets

Musk's work leading the Department of Government Efficiency has led to financial setbacks for his businesses and personal controversies.

Elon Musk, now leading the Department of Government Efficiency (DOGE) under the Trump administration, admitted to facing significant challenges in managing his private companies alongside his government role.
Tesla stock dropped 15% on Monday, marking its worst performance since 2020, as investors express concerns over Musk's divided focus and leadership priorities.
Musk revealed plans to double DOGE's workforce from 100 to 200 employees, focusing on finance and technology professionals to tackle government waste and inefficiency.
DOGE claims to have achieved $4 billion in daily savings by targeting fraud and inefficiencies across federal departments, with Musk aiming for $1 trillion in total savings.
Musk's leadership has sparked tensions within the Trump Cabinet, with reported clashes over proposed federal budget cuts and criticism of DOGE's controversial actions.