Elon Musk said his companies “suffer” because of his work with the Trump administration, highlighting recent attacks on his electric vehicle company.
In the second half of a two -part interview on the “special report” of Fox News which was broadcast on Friday, Bret Baier asked the CEO to tackle any conflict of interest between his commercial empire and his work in the White House.
Musk, who directs Spacex, Tesla, XAI, X, and a tunneling company, was appointed an employee of the special government after the electoral victory of President Donald Trump.
He put a large part of his accent on the reduction of federal spending. The White House said that Elon Musk was not the chief of the Doge Office, who directs administration efforts to reduce the government, but the CEO has been referenced several times as the de facto chief.
Musk said that it was “disadvantageous for me to be in the government, not advantageous”, adding that its “companies suffer because I am in government”.
Musk highlighted the recent problems in Tesla.
The company experienced a decrease in stocks in disappointing global sales figures and investors concerned about the fact that the CEO spends too much time far from his business. Tesla also faced a series of events, vandalism incidents and attacks on her exhibition halls and vehicles – that Musk cited for Baier – raising some worries to Wall Street that Musk damaged her business. We do not know what the impact on his other companies is.
Musk previously declared that he supervised his companies with a “great difficulty” and, in a surprise meeting all the hands, Tesla on March 20, urged stakeholders to “hang on to your stock”.
The Tesla CEO’s commercial empire was supported by billions of dollars in public contracts or subsidies and should still win during Trump’s second term.
The Doge Office of the White House, for example, has moved to the distortion or closure of government agencies which formerly investigated Musk companies.
Earlier this month, Trump was held in front of the southern lawn of the White House with several Tesla models for a media event, praising the electric vehicles which he formerly hesitated to approve.
The president’s second term has created an uncertain economic landscape with his dependence on prices as a use -to -use tool against global business partners and as a means of urging companies to produce at national level.
Wall Street estimates that recent 25% Trump prices for all imports of automotive and automotive parts could cost industry up to $ 82 billion.
Musk said in an X post on Wednesday that her business would not be “unscathed” by prices, but Tesla could be the winner of the result because the company would be relatively isolated from the prices’ impacts, because all its cars are final in the United States.
A Tesla spokesperson did not respond to a request for comments.
businessinsider
