Squinting in the sun with Elon Musk, Trump stood next to five Tesla vehicles, holding a piece of paper with handwritten notes about their features and costs. Trump said he would purchase a car himself at full price.

Tesla CEO Elon Musk responded Monday after his car company suffered huge losses amid a deepening Wall Street sell-off spurred by concerns over President Donald Trump's tariff and trade policies. The S&P 500 slid 2.

Elon Musk said in an interview that running his businesses while working with the White House has not been easy. Tesla stock declined 15% on Monday.

Republicans, particularly those in Congress, have been overwhelmingly supportive of broad cuts across the federal government at the hands of Elon Musk’s Department of Government Efficiency

Elon Musk has spent decades building a universe of companies that has served as an incubator for up-and-coming engineers and a proving ground for his inner circle. That universe — an ecosystem of Silicon Valley tech titans,

Overall government spending reportedly rose by $40 billion, a 7 percent increase compared to the same month last year.