The proposed department, abbreviated as D.O.G.E, will seek to make government spending of taxpayer money more efficient while streamlining departments that handle spending.

CEO Elon Musk pulled off a windfall for the auto maker. Now the stock’s fundamentals need to catch up to its heady price.

Elon Musk and his companies — including Twitter/X, SpaceX, and Tesla — have much to gain from Donald Trump being president again.

Thursday's edition of Forbes Daily features stock market records, Elon Musk's new political influence, the cost of tariffs, 2024 likely to set heat record and more.

Elon Musk’s net worth had surged past $300 billion as of Friday afternoon, according to Forbes’ real-time billionaire tracker, marking a $13 billion jump amid a bullish day in the markets. The financial milestone comes as Musk’s growing ties to President-elect Donald Trump appear to be paying dividends — both for his wealth and his business empire — while raising questions about potentially vast conflicts of interest.

As it became clear that Donald Trump was surging to a huge victory over Kamala Harris, Elon Musk took an online victory lap. “Dark MAGA assemble,” he tweeted while attending Trump’s victory party in Florida,