Musk: Running his own business with "great difficulty" while fulfilling his DOGE responsibilities

According to Wall Street reports, Tesla CEO Elon Musk said in an interview after the US stock market closed on Monday that he is facing "extreme difficulties" in running his own company while fulfilling his duties as head of the Department of Government Efficiency (DOGE) in the Trump administration.

Musk revealed in the interview that the DOGE team has more than 100 members, which may expand to 200 in the future, currently saving over $4 billion per day, with an expected total savings of $1 trillion. He stated that DOGE has almost permeated all departments of the US government, is recruiting manpower from the finance and technology sectors, and plans to serve in the Trump administration for another year.

On the same day, Tesla's stock price plummeted over 16% during trading hours, closing down over 15%, marking the worst intraday performance since September 2020. As of the closing, Tesla's stock has fallen over 54% from its all-time high in December 2023, with a market value loss of about $800 billion. Analysts believe that the uncertainty of the Trump administration's tariff policy and Musk's political remarks damaging the brand image are the main reasons for the stock price decline. Since Musk took office in the Trump administration, Tesla's stock price has fallen for seven consecutive weeks, marking the longest decline period since the company went public in 2010.