Elon Musk appointed to lead new Department of Government Efficiency in the US

Elon Musk has been appointed head of the new Department of Government Efficiency under President-elect Donald Trump. This position may enhance his influence over industries like autonomous vehicles, robotics, space, and AI, where he has significant business interests. Tesla is shifting focus to autonomous vehicles, recently unveiling self-driving models. Reports suggest the Trump administration may ease regulations on self-driving cars, potentially accelerating growth in this sector, particularly for Tesla. Musk's other ventures, including SpaceX and his AI startup xAI, are also expected to benefit from his new role. Legislation promoting robotics and AI spending could lead to increased success for companies in these fields.