Musk owes much of his wealth to government subsidies and contracts, and many of DOGE’s moves have squashed government oversight into his businesses. As long as Trump keeps giving him unprecedented power, the tech oligarch and fascism enthusiast will continue to keep serving his own interests.

Elon Musk, the CEO of Tesla and the world's richest individual, has recently experienced a significant decline in his net worth. This downturn is primarily attributed to a substantial drop in

Elon Musk acknowledgedthat his role overseeing President Donald Trump’s efforts to slash federal spending is costing him — and Tesla (TSLA) — “a lot.”