Elon Musk: is running his own business with "great difficulty" while fulfilling his DOGE duties

On March 11, according to Wall Street News, Tesla CEO Elon Musk said in an interview after the U.S. stock market on Monday that he is running his business with "great difficulty" and at the same time fulfilling his responsibilities as the director 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 and may expand to 200 people in the future, currently saving more than $4 billion per day and is expected to achieve an overall savings of $1 trillion. He said DOGE has infiltrated nearly every part of the U.S. government, is recruiting from the financial and tech sectors, and plans to serve another year in the Trump administration. On the same day, Tesla's stock price plunged more than 16% intraday and closed down more than 15%, the worst intraday performance since September 2020. As of the close, Tesla has fallen by more than 54% from the all-time high set in December 2023, and its market value has evaporated by about $800 billion. Analysts believe that the uncertainty of the Trump administration's tariff policy and the damage to the brand image caused by Musk's political rhetoric are the main reasons for the decline in stock prices. Tesla's stock price has fallen for seven consecutive weeks since Musk took office in the Trump administration, the longest decline since the company went public in 2010.