Elon Musk said he is having some ‘difficulties’ running his other businesses and fulfilling his role in the Trump White House as the de facto leader of the Department of Government Efficiency (DOGE) on the same day that Tesla stock price plummeted.
In an interview Monday, Fox Business host Larry Kudlow said that as head of DOGE Musk is “giving up your other stuff.”
“How are you running your other businesses?” Kudlow asked in a clip highlighted by Mediaite.
“With great difficulty,” Musk responded and chuckled before a long pause.
“Yeah, I mean,” Musk sighed.
“But there’s no turning back, you’re saying,” Kudlow offered.
“I’m just here trying to make government more efficient, eliminate waste and fraud, and so far we’re making good progress, actually,” he said.
Musk’s remarks come on the same day that Tesla shares plunged 15%, wiping out more that $800 billion in market cap. It was Tesla’s worst day on the market since September 2020, according to CNBC. Monday also marked the stock’s seventh worst day on record.
This comes after Tesla, on Friday, wrapped up its seventh straight week of losses, its longest losing streak since debuting on the Nasdaq in 2010. The losses coincide with his time in the Trump White House.
Musk told Kudlow that he expects to remain in the Trump administration for another year.
Tesla was not the only Musk company with troubles on Monday. His social network X experienced several outages throughout the day.
Musk blamed the outages on “a massive cyberattack” from internet protocol addresses originating in the Ukraine area.”
He did not provide any evidence to support his claim.
