November 13, 2024 at 12:12 PM Donald Trump and Elon Musk are allies, and Musk owns the social-media platform X. Getty Images Elon Musk has been given a job in the incoming Trump administration after supporting his election push. Trump said Musk would co-lead the unofficial Department of Government Efficiency with Vivek Ramaswamy. He also has many other jobs, including leading Tesla, SpaceX, and AI startup xAI. President-elect Donald Trump has tapped Elon Musk to lead a newly created Department of Government Efficiency. Musk heavily backed Trump in the presidential election, appearing at his rallies and donating millions of dollars to fundraising efforts. His support has led to a role in the new government. The role is just one of many Musk holds concurrently. He leads Tesla and SpaceX as CEO and owns and plays a major part in running X, formerly known as Twitter. Read on to see all of Musk's roles. 1. He's been tasked with co-leading the Department of Government Efficiency Trump said Musk would lead the new unofficial department with Vivek Ramaswamy. AP/Evan Vucci "Together, these two wonderful Americans will pave the way for my Administration to dismantle the Government Bureaucracy," Trump wrote in an announcement of Musk's new role, which he said Musk would carry out alongside the entrepreneur Vivek Ramaswamy, who briefly ran against Trump in the Republican race. Trump added that the pair would work to "slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies." He likened the DOGE — whose acronym is a seeming nod to Dogecoin, Musk's favorite cryptocurrency — to the Manhattan Project, the program during World War II to create the first nuclear weapons. The unofficial government department "will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget to drive large scale structural reform," a statement announcing the creation of the office said. It said the department would also seek to "create an entrepreneurial approach to Government never seen before," though exactly how it will function remains unclear. 2. The world's richest man is the CEO of Tesla Musk's net worth soared to $335 billion on Monday. Justin Sullivan/Getty Images Musk is arguably best known as the CEO of Tesla, which he was an early investor in. He has since built Tesla into a major force in the auto industry. Tesla is one of only a handful of American corporations that have reached a $1 trillion market cap, joining the likes of Apple and Nvidia. As well as being CEO, Musk is often listed as Tesla's "Technoking," a role he created in 2021, and is a director of the company. He was chairman for around a decade until 2018. According to the Bloomberg Billionaires Index, Musk, the world's richest person, saw his wealth boosted to $335 billion on Monday after Tesla stock jumped 9%. Investors have poured into the automaker in the past week, expecting it to benefit from a Trump win after Musk established close ties with him. Tesla produces and sells several electric-vehicle models — including Model S, Model 3, Model X, and Model Y — and solar-energy storage and generation products.