Mr. Musk has fallen out with prominent right-wing Americans who say they are worried that their agenda may be sidelined in favor of his own — and that he is willing to silence them on X.

Two months ago here at MarketWatch, we told you that Elon Musk was talking out of his MAGA hat when he promised to cut “at least $2 trillion” from the $6.75 trillion federal budget. Now Musk has admitted we were right all along.

Elon Musk has backtracked on his earlier goal of cutting $2 trillion from the federal budget. In a live interview on X, formerly Twitter, with Stagwell CEO Mark Penn on Wednesday, Musk said slashing $2 trillion from the budget would be "the best-case outcome,