Elon Musk's XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday,

Elon Musk said Waymo can't compete with Tesla in part due to costs. Ex-Waymo CEO John Krafcik told BI those concerns are "trivial."

Elon Musk's Department of Government Efficiency (Doge) - set up to cut US government spending - claims to have saved, on average, more than $10bn a week since President Trump entered office. "We're talking about almost $200bn and rising fast," Trump told the BBC when talking about Mr Musk's cost-cutting drive on 23 April.

AmeriCorps has become the latest target of Elon Musk’s Department of Government Efficiency, with $400 million in grants on the chopping block.

Musk’s departure from the Department of Government Efficiency comes amid layoffs, political backlash, and a push to revitalize Tesla’s AI ambitions.

X Corp., the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates, saying it violates First Amendment speech protections.

Tesla profits have taken a plunge with the stock tumbling by more than 40 percent this year. Meanwhile, Elon Musk, on his company's earnings call on Tuesday, said that he will be stepping back from the White House DOGE office in May.

Elon Musk is in damage control mode at Tesla as the company’s disappointing earnings force the tech billionaire to reevaluate his focus between his businesses and role in the Trump administration.