Key Takeaways Elon Musk said Wednesday that his goal of cutting $2 trillion in government spending may be a difficult number to reach, with half that figure more likely.Musk said in an interview that cutting waste in the federal government is a "target rich environment,

Elon Musk walked back his previous claim that he could cut at least $2 trillion from the federal budget, saying Wednesday that half that amount would be “an epic outcome.”

Fresh from pouring his money and energies into helping Donald Trump win reelection, Elon Musk has trained his sights on Europe, setting off alarm bells among politicians across the continent. The Tesla and SpaceX chief executive has endorsed the far-right Alternative for Germany,

The veteran New York Times reporter also said the "President Musk" nickname "definitely bothers" the president-elect.

Musk's Tesla stake rose by $111 billion — 65% — last year. All but $2 billion of Musk’s Tesla gain and about 98% of what other Tesla shareholders gained came after Election Day, when Musk began hanging out extensively with Donald Trump and started calling himself Trump’s “first buddy.