Elon Musk Says The Government Is 'Unfixable,' Hails Trump's Crypto Czar David Sacks: 'Haven't Been To DC Since May'

Benzinga
2025.09.10 09:27
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Elon Musk, CEO of Tesla, stated at the ‘All In Summit’ that the government is 'unfixable' and praised Trump's Crypto Czar David Sacks for his efforts. Musk expressed concerns over the national debt and its implications for the future, emphasizing the need for AI and robots to address it. He also noted a decline in Tesla's market share in the U.S. and questioned the company's fourth-quarter strategies. Musk's comments come amid discussions of a new CEO compensation package that could make him the world's first trillionaire.

Billionaire and Tesla Inc. TSLA CEO Elon Musk has said that he hasn't been to Washington, D.C. since May, calling his time with the Trump administration a "side quest."

The Government Is Unfixable, Says Elon Musk

Appearing at the ‘All In Summit' on Tuesday, where he gave a comprehensive list of updates on his business ventures, Musk was asked about any lessons he learned from his time with the Trump administration.

"The government is basically unfixable," Musk said in his response, adding that he "applauds" the White House Crypto and AI Czar David Sacks and his "noble efforts" with the government.

"It's good to have talented people in the administration, but at the end of the day, if you look at our national debt, which is insanely high," Musk said, adding that the interest payments exceeded the U.S. Department of War's budget. "If AI and robots don't solve our national debt, we're toast," he said.

Elon Musk's $1 Trillion Pay Package, White House Snub

The comments could signal a renewed commitment from Musk to his various business ventures following the Tesla board’s unveiling of an all-new CEO compensation package, which could make Musk become the world's first trillionaire.

Musk was also reportedly snubbed from the White House Rose Garden event hosted by President Donald Trump as he invited several prominent Silicon Valley CEOs, including Meta Platforms Inc.'s META Mark Zuckerberg, OpenAI founder Sam Altman and Microsoft Corp's MSFT founder Bill Gates, among others.

Tesla Sales Dwindle, Gary Black Questions Fourth Quarter Plans

Meanwhile, Tesla sales have been posting lackluster figures in multiple markets, with the latest data suggesting that the company's market share in the U.S. fell below 40% for the first time in over eight years since October 2017. It currently holds over 38% of the U.S. EV sector.

On the other hand, Future Fund LLC's managing director, Gary Black, questioned the EV giant's future strategies in the fourth quarter, raising questions about a possible affordable model in the lineup in Q4.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

  • Elon Musk Says Open-Sourced X Algorithm Will Showcase Flaws, Improve Transparency As Trump Aide Peter Navarro Alleges ‘Propaganda’ On The Platform

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