Elon Musk, the CEO of Tesla and SpaceX, is a figure that always seems to stir up conversation.
Known for his ambitious projects, Musk's leadership decisions and opinions often make headlines.
Recently, he’s been speaking out about something that has caught his attention: the potential for the United States to face a financial collapse.
In a recent interview, Musk shared his concerns, explaining why he believes the country is heading in the wrong direction.
Musk’s new role in the Department of Government Efficiency hasn't come without its costs.
Since taking on this position, he has lost a significant portion of his wealth. It is estimated that Musk has lost over 95.2 billion US dollars, according to Boosted.
The bulk of his wealth is tied to Tesla and SpaceX, with Tesla's stock taking a massive hit since the political shift in the U.S.
Musk has already seen 48% of Tesla’s market value vanish. Despite this financial setback, he remains committed to his mission, stating that the government’s handling of debt and the national budget needs urgent attention.
Musk has expressed his concerns about the growing national debt, particularly the interest payments, which are higher than the defense budget.
He sees this as a major issue that needs immediate attention. According to Musk, if the government doesn’t act quickly, there won’t be enough funds to support the country’s basic needs.
Instead of focusing on the country's long-term financial health, the government seems to be dealing with short-term fixes that he believes aren’t enough.
Musk also pointed out the absurdity of paying for the benefits of people aged 150, which, to him, signals a serious flaw in the system.
Despite all the controversies, Musk’s words during the interview seem to come from a place of concern for the future.
He wants America to avoid bankruptcy, believing that a collapse would have catastrophic consequences.
Elon Musk’s background is no less impressive. Born in 1971 in South Africa, he moved to the U.S. to pursue his career in technology.
Musk dropped out of a Ph.D. program at Stanford University in 1995 to start his first business, Zip2.
After selling it for $307 million, Musk went on to create PayPal, which was sold to eBay for $1.5 billion.
He then founded SpaceX, aiming to make space travel affordable and eventually colonize Mars.
Additionally, Musk helped transform Tesla into the electric car giant it is today.
Along with his ventures, he has dabbled in projects like Neuralink and The Boring Company, pushing the boundaries of innovation.
