Elon Musk says that he believes the US Postal Service and Amtrak need to be privatized and that “we should privatize anything that can reasonably be privatized.” Speaking virtually at the Morgan Stanley Technology Media & Telecom conference,

The Wall Street veteran, who briefly worked with Elon Musk, is reportedly being tapped for President Donald Trump's agenda to have US investments in projects critical to national security.

"I think logically we should privatize anything that can reasonably be privatized," Musk said at a Morgan Stanley conference. "I think we should privatize the Post Office and Amtrak for example... We should privatize everything we possibly can.

Tesla’s (TSLA) stock continued its downward trajectory in March, following a 28% plunge in February, its steepest monthly decline since December 2022. Today, Tesla stock trades 44% below its all-time highs,

Michael Grimes has reportedly been recruited to lead the sovereign wealth fund being pushed by U.S. President Donald Trump – he is known as a key dealmaker in the investment realm and also for his role in Elon Musk's acquisition of Twitter.

Trump tariffs on Mexico, Canada and China will hit automakers to varying degrees, with one of the biggest wildcards being how much it hurts Elon Musk and Tesla.

Tesla shares rose 2% on Monday after Morgan Stanley reinstated the electric-vehicle maker as its top U.S. auto pick, saying the company's artificial intelligence and robotics efforts could power growth even as the mainstay car business stumbles.

Tesla shares rose 2% on Monday as Morgan Stanley analyst Adam Jonas said he sees shares of the EV giant rising to $430 as it diversifies into artificial intelligence and robotics.