With Donald Trump’s presidency win, the stage is set for one of his most prolific backers—the world’s wealthiest person, Elon Musk—to wield his newfound political influence, and while it’s a mystery what role he may play in the administration, Musk has laid out several priorities.

Elon Musk outlined his plans to slash federal spending if Donald Trump is re-elected. Musk emphasized the need for the US to 'live within our means,' advocating for drastic budget cuts to avoid economic disaster.