The former vice presidential candidate Walz said he checks Tesla’s share price to give him a “little boost during the day,” nodding to Musk’s company’s more than 40% year-to-date loss.

"I hope his involvement with DOGE is short-lived so he can spend even more time on his businesses," Christopher Tsai said of Musk's work with DOGE.

Elon Musk may be forced to sell shares previously pledged to secure certain personal loans, should Tesla stock continue to decline. As pointed out by several online commentators, Musk is currently close to facing a margin call on the loans used to facilitate his 2022 purchase of Twitter.

A member of Elon Musk's Department of Government Efficiency will take up a top role at the U.S. Agency for International Development, while Pete Marocco, who played a major role in the dismantling of the agency,

Created by executive order though not an official government department (which would have to be created by an act of Congress), Musk's DOGE has embarked on an extensive exercise of mass firings, funding cuts and contract cancellations since President Donald Trump returned to office in January.