President Donald Trump praised Elon Musk as he stepped down from his role as head of the Department of Government Efficiency, according to CNBC. In a Truth Social post, Trump called Musk “terrific” and suggested he would continue advising behind the scenes. Musk distanced himself in a CBS interview from fully supporting the administration’s actions. The Tesla CEO expressed concern over being blamed for widespread federal cuts and criticized the GOP’s proposed multitrillion-dollar tax and spending bill. While Musk defended DOGE’s efforts to reduce federal employment, he admitted the agency became a political scapegoat.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump praised Elon Musk as he stepped down from his role as head of the
00:05Department of Government Efficiency, according to CNBC. In a true social post, Trump called Musk
00:10terrific and suggested he would continue advising behind the scenes. Musk distanced himself in a
00:15CBS interview from fully supporting the administration's actions. Tesla's CEO expressed
00:19concern over being blamed for widespread federal cuts and criticized the GOP's proposed multi-trillion
00:25dollar tax and spending bill. While once defended Doge's efforts to reduce federal employment,
00:29he admitted the agency became a political scapegoat.
00:32For all things money, visit Benzinga.com slash GSTV.