Tesla CEO Elon Musk and investors are beginning to understand more how much the U.S. government has control over the companies that Musk’s running, said Cathie Wood, CEO of asset management firm ARK Investment Management, in a video published late Friday. Wood’s comments come after Musk departed the Department of Government Efficiency. On Tuesday, Musk criticized Trump’s “One Big Beautiful Bill,” saying it would increase the national deficit and undermine DOGE’s cost-cutting efforts.
