Trump supports Musk by pledging to buy a Tesla
Elon Musk's businesses faced significant losses, with Tesla shares dropping 15% and Musk losing $29 billion in net worth. This decline coincided with outages at X and challenges for SpaceX following a rocket failure. Former President Donald Trump expressed support for Musk, pledging to buy a Tesla. Musk's political visibility has increased, but it appears to be impacting his companies negatively. Musk has also made comments about reducing waste in federal spending, particularly regarding the Social Security Administration. He did not specify plans to cut benefits but highlighted issues with the SSA's data management.