Elon Musk Admits Juggling Multiple Companies is "Brutal," Amidst Tesla Stock Plunge and DOGE Controversy

Elon Musk Admits Juggling Multiple Companies is "Brutal," Amidst Tesla Stock Plunge and DOGE ControversyOn March 11th, Elon Musk, head of the Department of Government Operational Efficiency (DOGE), admitted he's finding it "brutal" to manage his multiple companies. This statement came amidst Tesla experiencing its largest stock drop in five years, and repeated service outages at his social media platform, X (formerly Twitter)

Elon Musk Admits Juggling Multiple Companies is "Brutal," Amidst Tesla Stock Plunge and DOGE Controversy

On March 11th, Elon Musk, head of the Department of Government Operational Efficiency (DOGE), admitted he's finding it "brutal" to manage his multiple companies. This statement came amidst Tesla experiencing its largest stock drop in five years, and repeated service outages at his social media platform, X (formerly Twitter). In an interview, aside from acknowledging his managerial struggles, Musk also stated he anticipates remaining in his government role for another year under the Trump administration.

Since Musk joined the Trump administration and took the helm of DOGE, Tesla's stock has continuously declined. DOGE is implementing a broad and controversial plan to cut federal spending and conduct layoffs. On Monday, Tesla's stock price plummeted over 15.4% in regular trading, reducing its market capitalization by more than $800 billion, over 50% from its all-time high last year. Facing Tesla's largest single-day stock decline in history, Musk responded on X, stating, "Long term, everything will be ok."

Musk revealed in the interview that DOGE currently has over 100 members, dispersed across various government agencies, with plans to expand to 200, primarily composed of software and information technology professionals. He detailed DOGE's main responsibilities: "We primarily focus on executive orders, tracking money flows, and closely reviewing agencies like USAID for violations of presidential executive orders. We've found massive amounts of money flowing to NGOs, many of which are fraudulent. We're working to stop that."

However, Musk's cost-cutting measures have faced widespread questioning. DOGE has removed some announcements from its website that previously claimed the largest savings amounts. Data released Friday by the Bureau of Labor Statistics showed a 10,000-person decrease in federal government employment in February since DOGE's actions commenced. Musk responded, "We make all our actions public record. If someone criticizes, we ask them what specifically they object to, but usually they can't answer. We want to be transparent with the public about what we're doing."

Beyond Tesla and X, Musk also leads SpaceX and Neuralink. During an interview with Fox Business host Larry Kudlow, Kudlow asked, "As the head of DOGE, are you neglecting other things? How do you run the other businesses?" Musk replied with a wry smile, "Brutal." He sighed and continued, "Yeah, I'm just trying to improve government efficiency here, eliminate waste and fraud, and we're actually making pretty good progress. We're saving over $4 billion a day right now, so it's really quite significant. Unless we're stopped, we'll ultimately save $1 trillion in spending."

In addition to his DOGE responsibilities, Musk faced further pressure. He acknowledged a site-wide outage at X that day. He posted on social media, explaining, "We're under attack daily, but this one used massive resources to try to take X down," claiming the source IP addresses were from Ukraine. However, he provided no evidence to support this assertion.

Notably, earlier that day, Musk also labeled Arizona Democratic Senator Mark Kelly a "traitor" on X. This followed Kelly's post about his weekend visit to Ukraine. Kelly wrote, "Everyone wants this war to end, but any agreement must include provisions to secure Ukraine and not give concessions to Russia." Kelly, a retired U.S. Navy pilot and NASA astronaut, retorted to Musk's attack, writing, "Traitor? Musk, if you don't understand that defending liberty is fundamental to ensuring American greatness and security, maybe you should leave that to those of us who do."

The Musk-Kelly feud unfolded as the Trump administration urged Ukraine to reach a ceasefire agreement with Russia, demanding concessions from Ukraine, including granting the U.S. access to Ukrainian mineral resources and territorial concessions to Russia. This further intensified the controversy surrounding Musk and his roles at DOGE and his other companies.

Musk faces multifaceted challenges: managing multiple businesses, coping with Teslas plummeting stock price, handling the controversy surrounding the DOGE project, and responding to public criticism from political figures. His claims of improved government efficiency and massive cost savings remain subject to ongoing questioning and lack substantial supporting evidence. Musk's activities across multiple sectors, coupled with his strong personal style, will undoubtedly remain a focal point of public attention. Whether he can balance these challenges and achieve future success remains to be seen. This involves complex business strategies, political maneuvering, and navigating public opinion. Musk's future trajectory will profoundly impact the various sectors hes involved in. His ability to ultimately achieve his ambitious goals and overcome his current predicament will be a continually evolving and complex narrative. His actions, statements, and the performance of the companies he leads will continue to be closely scrutinized and analyzed. Public perception of his actions and decisions will directly influence his future development and reputation. All this will constitute a captivating and constantly evolving story. The recent stock plunge and the public clash with Kelly are just the latest chapters in this complex narrative. More challenges and opportunities await this much-watched entrepreneur. His responses will ultimately determine his success or failure. The story continues, filled with uncertainty and suspense.