Elon Musk raised concerns about President Donald Trump’s sweeping tax and spending cuts package, saying in a video released Tuesday that he believes it would raise the US budget deficit and undercut efforts by the Department of Government Efficiency.

Tesla’s stock is down more than 25% this year.

“I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,” Musk told CBS News in an...

Elon Musk’s SpaceX Starship tumbled out of control during a test flight on Tuesday as the world’s richest man continues to grapple with a wider professional tailspin. Musk has almost disappeared from the spotlight following an intense beginning working with Trump’s second administration.

SpaceX is aiming to address the technical challenges ahead with Starship while continuing to fly the operational spacecraft and rockets that made the company a powerhouse.