The billionaire and his Silicon Valley allies landed in Washington and immediately moved to cut the size of the federal government, reprising the playbook he used after buying Twitter in 2022.

Tesla CEO Elon Musk has clashed with Nicolai Tangen, CEO of Norway's sovereign wealth fund, one of the automaker's top investors, according to a record of the conversation released on Tuesday.

Elon Musk clashed with Nicolai Tangen, chief executive of the Norwegian oil fund, after the fund last year voted against the Tesla boss’s huge pay package, newly released text messages show. Norges Bank Investment Management (NBIM),

DOGE builds on the United States Digital Service, now rebranded as the U.S. DOGE Service. According to Trump's executive order, the newly rebranded department will cut red tape and streamline government IT systems. Per the EO, DOGE has roughly 18 months (July 4, 2026) to achieve the administration's goal.

Musk isn’t introducing a novel idea. For years, people have advocated eliminating the penny, as pennies are rarely spent as change. And since the Covid-19 pandemic, more consumers are shopping online or avoiding physical currency altogether .

Lawmakers say Musk's apparent misunderstanding of the way government programs work could threaten his whole agenda.