Musk Admits Political Overreach, Foresees AI Abundance, and Hints at Merger

Elon Musk has acknowledged he became too consumed by politics during his tenure as head of the Department of Government Efficiency (DOGE), while also making bold predictions about AI and leaving the door open for a Tesla-SpaceX merger. Musk admitted, “I got carried away, frankly,” regarding his role in the Trump administration, which included overseeing $150 billion in budget cuts Source: The Guardian. The Boring Company is reportedly raising $4 billion at a $20 billion valuation, up from $5.7 billion in 2022 Source: TechCrunch.

Political Regret

In a wide-ranging interview with The Economist, Musk expressed regret over his deep involvement in politics. He said he should have spent more time on his companies instead of leading DOGE Source: Ground News. The billionaire backed Trump’s 2024 campaign with around $200 million before being appointed to head the cost-cutting initiative Source: The Guardian.

AI and the Future

Musk predicted that AI will surpass human intelligence within five years and that money will become meaningless by 2036 due to an era of abundance driven by robots. He said, “Money won’t matter in 2036” Source: Gizmodo. However, The Economist noted a contradiction: despite these beliefs, Musk continues to amass wealth and power Source: NRC.

Tesla-SpaceX Merger and Terafab

When asked about a potential merger between Tesla and SpaceX, Musk declined to comment directly, but analysts now see a 90% chance of a combination within a few years Source: Gizmodo. Simultaneously, Tesla and SpaceX are jointly building Terafab, a massive chip factory in Texas to secure supply. Musk stated, “It is to ensure that we have enough chips down the road” Source: TheNextWeb. The Boring Company has also announced plans to expand tunnel networks to Nashville, Dubai, and other cities Source: TechCrunch.