Additionally, DOGE is targeting the Consumer Financial Protection Bureau and the Securities and Exchange Commission (SEC), both of which have had contentious interactions with Musk. The SEC recently sued Musk over his acquisition of Twitter and has previously challenged him over a tweet about taking Tesla private. Despite concerns about potential conflicts of interest, Musk denies any impropriety, asserting that all actions are public and transparent.
Key takeaways:
- Elon Musk's Department of Government Efficiency (DOGE) is reducing staff in agencies regulating Tesla and Neuralink, including a 10% cut at the National Highway Traffic Safety Administration (NHTSA).
- The cuts at NHTSA may reduce oversight of autonomous vehicle technology, affecting companies like Tesla, Waymo, and Zoox.
- Employees from Musk's SpaceX have been brought on as senior advisers to the Federal Aviation Administration following cuts, aiming to improve air travel safety.
- DOGE is also targeting other regulatory bodies like the Consumer Financial Protection Bureau and the Securities and Exchange Commission, which have had conflicts with Musk.