Over the last 16 years, Musk's business deals with the government total nearly $20 billion, according to federal contracting data.

The Tesla CEO was named to a position in the second Trump administration on Tuesday evening. Investors don’t seem to be bothered by the idea.

Elon Musk’s recent support for Donald Trump’s election bid appears to have boosted his wealth and business interests. Musk’s net worth has swelled to $320 billion with Tesla stock up 39%. Musk actively funded efforts to secure Trump’s election,

Tesla said on Wednesday it was recalling 2,431 Cybertruck electric pickup trucks in the United States as loss of drive power could increase the risk of a crash, in its sixth such move this year. Last month,

The recall involves a faulty part that could cause the vehicle to lose power. This is the sixth recall on Cybertrucks this year.