EconomyLongtime Musk backer sells remaining Tesla stake and trims SpaceX holding
SpaceX accounts for 11.1% of the trust's assets after a portfolio reduction, while its final Tesla shares have been sold.

co-president
Senior Advisor to the President for Government Efficiency (2025–2025)
| Born | 1971-06-28 · Pretoria |
|---|---|
| Citizenship | South Africa (since 1971), Canada (since 1971), United States (since 2002) |
| Party | Independent |
| Offices |
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| Education | University of Pennsylvania (BA, BS) |
| Occupation | CEO and product architect of Tesla, Founder, CEO, and chief engineer of SpaceX, Founder and CEO of SpaceXAI, Founder and CTO of X Corp., Co-founder of Neuralink, The Boring Company, OpenAI, Zip2, X.com and PayPal, President of the Musk Foundation |
| Awards | Full list |
What this person said on the record, as reported, newest first.

Elon Musk said hiring Nvidia CEO Jensen Huang would be an honor. Huang is reportedly at risk of being ousted after reports of multiple extramarital affairs, including one with a woman reportedly suspected of spying for China.
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Bloomberg News

Tesla will refund deposits to a considerable number of Cybertruck customers because it has more orders than it can process before production ends next year, CEO Elon Musk said.
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Bloomberg News

Elon Musk expects the future cost of delivering one kilogram of cargo to orbit to fall below $100, attributing the prospect to Starship’s full reusability. He also forecast that SpaceX could eventually launch its Super Heavy booster every hour.
TTASS

Elon Musk said Starlink’s bandwidth will be 100 times its current level in two to three years as new-version satellites are launched. He said V3 satellites have more than 10 times V2’s capability and will be launched at 10 times the current rate; V4 will be 10 times more powerful than V3.
TTASS

Elon Musk said SpaceX’s reliance on US government-funded contracts will keep declining, with the government accounting for less than 10% of the company’s revenue. The shift points away from what had been its most important partnership.
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Bloomberg News

Tesla CEO Elon Musk said Friday that the company will wind down Cybertruck production at its Texas Gigafactory around mid-2027. Sales of the futuristic model, once promoted as a rival to traditional pickup trucks, have remained weak.
CCBC News

Musk said Tesla will scale back Cybertruck production next year to make room for increased output of its Cybercab robotaxi. The move follows years of weaker-than-expected sales for the futuristic electric pickup.
Eeuronews

Musk said Tesla made the decision to free up capacity for increased production of its Cybercab robotaxi. The move follows years of Cybertruck sales falling short of expectations.
Eeuronews

Tesla CEO Elon Musk says production of the Cybertruck at the company’s Texas facility will wind down around the middle of next year, making room for more Cybercab production. Sales fell well short of his earlier target, dropping from about 38,965 in 2024 to 20,237 in 2025.
AAl Jazeera

Musk says Tesla plans to phase out Cybertruck production in Texas next year as it increases Cybercab output. The Cybertruck’s divisive design attracted a niche following, but sales did not reach the mass market, and Tesla has issued several voluntary recalls.
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CNBC
Reports that mention this person, by story.
SpaceX accounts for 11.1% of the trust's assets after a portfolio reduction, while its final Tesla shares have been sold.

Musk says Tesla plans to phase out Cybertruck production in Texas next year as it increases Cybercab output. The Cybertruck’s divisive design attracted a niche following, but sales did not reach the mass market, and Tesla has issued several voluntary recalls.

Elon Musk said Tesla plans to end Cybertruck production at its Texas factory around the middle of next year, freeing capacity for its self-driving Cybercab. The truck failed to gain the foothold Tesla sought in the US pickup market, while the company is prioritising robotics, AI and an autonomous vehicle fleet.

Elon Musk said Tesla will reduce Cybertruck production at its Texas plant from mid-2027 to make room for the Cybercab. It was not immediately clear whether production would move to another factory or be phased out entirely.
Musk said the move was intended to free up space for production of Cybercabs, driverless taxis, appearing to signal an end for the Cybertruck.

Tesla plans to begin winding down Cybertruck production at its Texas Gigafactory around the middle of next year to make room for more Cybercab production, CEO Elon Musk said in a post on X on Friday.
Deutsche Telekom CEO Tim Höttges doubts SpaceX can make Starlink Mobile a major US carrier without spending at least $200 billion on spectrum and network infrastructure. He said he takes the prospect seriously, citing the company’s potential to create a new kind of communications service.

Tesla and SpaceX, both associated with Elon Musk, saw their combined market capitalization fall by more than $420 billion after the midterm elections.

Elon Musk’s SpaceX has transformed the space-based internet business. He is now targeting another established industry with plans for a terrestrial wireless network to compete with Verizon, T-Mobile and AT&T.
Tech and AI stocks fell, sending SpaceX shares sharply lower. Markets have been reacting to the possibility of tougher scrutiny of data-centre construction and the AI industry after the US midterms.
