Elon Musk’s incursion into the federal government is unprecedented. It’s also pretty good news for his companies.

Musk, who also runs SpaceX and a number of other companies, has been known to make big often exaggerated promises. For example, he once called the Hyperloop, which was never built, the "fifth mode of transport" and famously promised to take Tesla private in a Twitter post, saying he had secured financing that he didn't have.

White House press secretary Karoline Leavitt said Elon Musk will remove himself if overlap between DOGE and companies like SpaceX and Tesla arises.

Elon Musk's $250 billion net worth is largely tied up in Tesla stock and private holdings like Twitter and SpaceX, making him asset-rich but cash-poor like most ultra-wealthy individuals. While most billionaires concentrate wealth in a single venture,

In many ways, these have been tough days for Tesla. Falling sales. Squeezed profit margins. Proposed changes in US government policy that could cost the company billions.