Elon Musk slashes government departments, Trump buys Tesla: Shares drop, production to double.

Elon Musk, the head of the Department of Government Efficiency, made significant cuts to government departments in a bid to save federal funds. This move led to a su

Elon Musk, the head of the Department of Government Efficiency, made significant cuts to government departments in a bid to save federal funds. This move led to a surge in Tesla shares. Additionally, after Donald Trump expressed interest in purchasing a Tesla car, he bought a Tesla S model for White House staff, showing his support for Musk. In response, Musk announced plans to double Tesla's production in the United States within the next two years.