On the same day, President-elect Trump nominated former Trump administration policy advisor Brooke Rollins to serve as Secretary of Agriculture. Trump stated that Brooke is committed to supporting American farmers, defending U.S. food self-sufficiency, and restoring American small towns that rely on agriculture.
On November 22 local time, President-elect Trump posted on social media, announcing several cabinet official nominations after he takes office.
Nominated Janette Nesheiwat as the Director of the U.S. Public Health Agency. Nesheiwat is a medical contributor to Fox News. Nominated former Congressman Dave Weldon as the Director of the U.S. Centers for Disease Control and Prevention; nominated former State Department official Alex Wong to serve as U.S. Deputy National Security Advisor; nominated surgeon Marty Makary as the Director of the U.S. Food and Drug Administration; nominated Scott Turner as the Secretary of the U.S. Department of Housing and Urban Development, Turner is a former NFL player.
Previously, he also nominated billionaire Scott Bessent, founder of global macro investment firm Key Square Group, to serve as Treasury Secretary; nominated Russell Vought to serve as the Director of the Office of Management and Budget after he takes office as president; and nominated Congresswoman Lori Chavez-DeRemer from Oregon to serve as Labor Secretary after he takes office as president.
U.S. 'Department of Government Efficiency': Must balance the budget
Musk: The United States is racing towards bankruptcy
On the 23rd local time, the 'Department of Government Efficiency' proposed by President-elect Trump wrote on social media platform X, 'In fiscal year 2023, U.S. government spending reached $6.16 trillion, while revenue was only $4.47 trillion. The last time there was a budget surplus was in 2001. This trend must be reversed, and we must balance the budget.'
Subsequently, Musk, an American entrepreneur appointed by Trump to lead this 'department', retweeted and commented, saying, 'The United States is currently racing towards bankruptcy at an ultra-fast speed.'
Screenshot of Musk's social media
As a major donor to Trump's presidential campaign, Musk has now become a prominent figure in Trump's inner circle.
U.S. media 'Insider News' stated that after Trump's victory, Musk and Trump could be said to be inseparable, already playing the role of America's 'First Buddy'. Bloomberg senior reporter Dana Hull also stated that Musk is like a de facto vice president and will play some role in shaping the framework for the future development of the U.S. federal government.
According to a report by CCTV News on November 13, on November 12 local time, President-elect Trump announced multiple appointments.
On November 12 local time, Trump announced that Musk would collaborate with Indian-American entrepreneur Vivek Ramaswamy to lead the newly established 'Department of Government Efficiency' to develop strategies to improve government operational efficiency.
Trump said that the 'Department of Government Efficiency' will 'pave the way for dismantling government bureaucracy, cutting unnecessary regulations and wasteful spending, and restructuring federal agencies.'
Musk's wealth skyrockets to record levels
Tesla's stock price soars
According to a report by CCTV Finance on November 23, thanks to the recent surge in Tesla's stock price, the world's richest person, Tesla founder Elon Musk's wealth has surged, reaching a historic high.
As of the close on the 22nd, Tesla's stock price rose by 3.8%, closing at $352.56 per share, a new closing high since the first half of 2022, with a total market value of $1.13 trillion.
According to a report by CNN on the 22nd, the latest data from the Bloomberg Billionaires Index shows that Tesla founder and CEO Musk's personal net worth reached $347.8 billion, approximately 25.2 trillion yuan, breaking the record he set in November 2021.
According to reports, since the presidential election held in the United States on November 5, Tesla's stock price has risen by about 40%, and Musk's personal wealth has increased by about $83 billion, equivalent to about 601.4 billion yuan. Some market participants believe that this is mainly due to market bets that Tesla will benefit from the relevant policies of President Trump during his second term.
According to a previous report by Securities China citing Bloomberg, informed sources revealed that the team of President-elect Trump plans to prioritize 'building a federal framework for fully autonomous vehicles' as one of the priorities of the U.S. Department of Transportation.
Reports indicate that Musk is betting Tesla's future on autonomous driving technology and artificial intelligence (AI). If new regulations can make fully self-driving cars possible, Musk will directly benefit.
In the third quarter of 2024, Tesla achieved revenue of $25.182 billion, a year-on-year increase of 8%; net profit was $2.167 billion, a year-on-year increase of 17%; gross margin increased to 19.8%, an increase of about 2 percentage points year-on-year; excluding profits from other businesses and carbon credits, its automotive gross margin was as high as 17.1%. Its net profit and gross margin levels far exceeded market expectations.
In terms of sales, Tesla's global electric vehicle deliveries in the third quarter of 2024 were approximately 463,000 units, setting a new quarterly delivery record for 2024. During the same period, on October 22, Tesla welcomed its seventh millionth vehicle off the production line.
Tesla CEO Elon Musk also released very optimistic expectations. He predicts that unless a major negative event occurs, car sales will grow by 20% to 30% in 2025.
