As co-chair of ‘government efficiency’ panel, Musk would influence policy that could help SpaceX, Tesla and X

Summary

Elon Musk’s role as co-chair of Donald Trump’s advisory panel on federal budget cuts has sparked criticism over potential conflicts of interest.

Musk, whose companies like SpaceX and Tesla have billions in federal contracts and are regulated by agencies, is pushing for $2 trillion in cuts, targeting programs like the Consumer Financial Protection Bureau and Planned Parenthood.

Critics warn Musk’s advisory role could benefit his businesses while undermining public programs.

Legal experts stress the need for stronger ethics oversight to prevent abuse and protect government integrity.