Elon Musk, the famous billionaire entrepreneur and CEO of SpaceX and Tesla has dropped a bombshell. He’ll be leaving his role running the state’s new Department of Government Efficiency to return full-time to running Tesla, SpaceX, and the social media platform X. He’s going through some big personal and professional transitions. There was a harrowing experience with his son, X Æ A-12, which attributed a huge bruise around his eye to the unusual incident.
The world’s richest man greeted the public in Miami in a black baseball cap and a T-shirt that read: The Dogefather. He went on to describe how the bruising came from “horsing around” with his preschool-aged son. The light-hearted banter has made for a fun story and further highlighted Musk’s eccentric, experimental take on fatherhood next to his other lucrative, high-profile interests and pursuits.
Praise for Government Reform
Donald Trump, former President of the United States, claimed credit for Musk’s achievements while in office. He stated that Musk led “the most sweeping and consequential government reform effort in generations.” Trump’s remarks come amidst the backdrop of Musk’s departure from government service, signaling a significant shift in the administration’s landscape.
Some of Musk’s staff will remain in their positions within the administration, according to Trump, who emphasized that Musk’s influence would continue to be felt even as he returns to his entrepreneurial roots. Trump credited Musk with “a colossal change in the old ways of doing business in Washington,” highlighting how Musk’s innovative mindset has reshaped governmental operations.
Trump’s comments reflect a broader sentiment among supporters who believe that Musk’s approach can drive positive change in various sectors. The former president praised Musk’s move to withdraw from direct government engagement. He will remain deeply involved in policy issues, returning “back and forth” as necessary.
Personal Anecdotes and Business Endeavors
In a rare moment of self-deprecation, Musk joked about how he got hurt. “I told him, just do me a favor and don’t punch me in the face,” he joked, capturing the irreverent back and forth he has with his son. This flippant attitude stands in stark contrast with the consequences of the weighty responsibilities that Musk juggles among his corporate fiefdom.
Musk’s whirlwind industry portfolio includes Tesla, the innovative automaker that has pioneered the electric vehicle revolution. He runs SpaceX, where he’s made great strides in commercial space travel. His ownership of X has put him at the leading edge of innovation on social media platforms. As he shifts his attention back to these undertakings, industry leaders expect more progress in these fields.
Musk remains committed to monitoring developments within the administration. His recent interest in how government operates indicates a strong possibility that he could continue to shape policy decisions that would impact his businesses.
The Future of Trade Policies
In June 2019, Trump announced plans to increase tariffs on steel imports by as much as 500%. He’ll increase them from 25 percent of the way to 50 percent. He asserted that this move would “secure the steel industry in the United States,” despite opposition from some industry leaders.
Don Farrell criticized the proposed tariffs as “unjustified and not the act of a friend,” warning that they could result in economic self-harm. He explained how these types of proposals would only injure the consumers and businesses that depend on the benefits of free trade. This tariff and trade policy back-and-forth continues to make clear the challenges American industries, and their leaders, all too often endure.
