Elon Musk Faces Challenges Balancing Government Role And Business Ventures

According to PANews, Elon Musk expressed significant difficulties in balancing his role at the U.S. Department of Government Efficiency (DOGE) with his other business ventures. On Monday, Tesla experienced its largest single-day drop in five years, while its social media platform 'X' faced several cyberattacks. In an interview, Musk stated he expects to remain in the Trump administration for another year. Since joining U.S. President Donald Trump's administration as the DOGE 'Minister,' Tesla's stock has been declining weekly. DOGE is undertaking a controversial initiative aimed at reducing federal government spending and workforce. Tesla's market value has halved from its peak, equating to a loss of nearly $800 billion. Forbes data shows Musk's net worth decreased by $22.8 billion on Monday, yet he remains over $100 billion ahead of Jeff Bezos, who ranks second on the billionaire list. Musk also mentioned that the DOGE team currently consists of over 100 members, with potential plans to expand to 200.