Quotes
I would. I think Elon’s great. But he also had a number of companies to run.”
When asked if he’d appoint Musk to another position, Trump replied
Elon is fantastic, he's a patriot,
Trump told reporters
I like smart people and he's a smart person. I also like him, personally,
Trump continuedHe's going to stay a certain period of time and then he's going to get back to his businesses full time. But he's doing a fantastic job,
Trump said
I would think a few months."
Asked how long he would be staying, Trump saidTo be clear, this will affect the price of parts in Tesla cars that come from other countries,
Musk wrote on social media in March
Many EVs already cost more to make than their sale price, that's part of a long transition in specializing in EVs. Increasing tariffs on these car parts is just going to make that transition even harder."
Ryan Monarch, a professor of economics at Syracuse University, told NewsweekTesla is the clear structural winner.... For everyone else, this is a margin reset and real drag on near-term earnings power,
he wroteEven with aggressive localization of the supply chain, certain parts and components are difficult or impossible to source within the U.S."
Tesla, in a letter to U.S. Trade Representative Jamieson GreerThe full impact is still playing out, but we're already seeing a reaction in the stock market. U.S. markets took an immediate hit, down around 3 percent, and automakers have been feeling the pressure."
Kevin Thompson, finance expert and the founder of 9i Capital Group, told NewsweekA lot of the components that go into those cars—things like headlamps, brakes and glass—come from abroad,
he saidThey are not unaffected by the tariffs, but they kind of have a head start on a number of their competitors, especially in the EV sector, in terms of locating their supply chain and getting their inputs from products in the U.S.,
he saidElon Musk's involvement in the government puts his company in a good position to ask for exemptions or to look for a way around these tariffs,
he saidTesla, right now, needs all the help it can get because its stock price is collapsing, sales are collapsing,
he said
First of all, that report I saw was total fake news,
Vance told JonesI never could have imagined that I’d be taking on the richest man in the world for justice in Wisconsin, and we won!”
In her acceptance speech, Crawford said
Elon came in and we said, ‘We need you to make government more efficient, we need you to shrink the incredible fat bureaucracy that thwarts the will of the American people but also costs way too much money,
Vance added
He does see advantages in having Musk around,
Haberman told CNN’s Kaitlan Collins on “The Source” of Trump in a clip highlighted by Mediaite
DOGE has got a lot of work to do, and yeah, that work is going to continue after Elon leaves. But fundamentally, Elon is going to remain a friend and an adviser of both me and the president,
he saidPolitico has become a tabloid paper that would rather run fake news for clicks than real reporting,
Fields said of the Politico article to Fox News