Elon Musk has said that he has been running his various businesses “with great difficulty”. The world's richest person made the remark during an interview with Fox Business aired on Monday. The comment also comes at a time when the shares of one of his companies, Tesla, plummeted to a five-month low.
During the interview, when Fox Business’s Larry Kudlow asked the Tesla CEO how he has been running his other businesses while simultaneously dedicating time to politics and DOGE -- since Musk is a key figurehead in the the US administration’s Department of Government Efficiency (DOGE) -- Musk replied with a sigh, “With great difficulty".
"I can't believe I am here doing this. It is kind of bizarre," he said, adding that that he is “just here trying to make government more efficient, eliminate waste and fraud and so far we’re making good progress.” The tech billionaire, however, did not provide details on how he is running his businesses, including SpaceX, xAI, X, and Tesla.
Tesla loses $125 billion in market capitalisation in a day
The Musk-led EV company saw a sharp decline in its share price on Tuesday, crashing over 15 percent to record their worst day in more than four years. It lost $125 billion in market capitalisation in one day due to the selloff.
Musk's net worth drops by $22.8 billion
Despite losing $22.8 billion from his estimated net worth due to the drop in Tesla's share price, Musk on Monday wrote on X that the EV company would “be fine long-term”. The CEO continues to be the wealthiest person in the world with an estimated net worth of $319.6 billion, according to Forbes.
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