Elon Musk pushed debunked theories about Social Security on Monday while describing federal benefit programs as rife with fraud, suggesting they will be a primary target in his crusade to reduce government spending.

The billionaire entrepreneur, who is advising President Donald Trump, suggested that $500 billion to $700 billion in "waste" needed to be cut.

The world’s richest man claims, without evidence, that there’s $700 billion in “waste and fraud” he can cut from America’s core safety net programs

White House senior advisor Elon Musk told Fox Business host Larry Kudlow that the Department of Government Efficiency (DOGE) was

Conservatives have long talked about cutting government, but Republicans in Congress have shied away from approving deep reductions because of fear of how voters would react.

Shares of Tesla slid again Monday as confidence in Elon Musk’s electric car company continues to disintegrate following a post-election “Trump bump.”

In addition to Tesla stocks plummeting and X, formerly Twitter, facing outages, Democrats have launched a new series of attack ads focused on Elon Musk's role in dismantling the federal government, potentially giving them a boost in upcoming elections.

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 slid 2.

After an hours-long period of outages, Elon Musk took to X to explain why his social media network experienced widespread technical problems.