The Wall Street veteran, who briefly worked with Elon Musk, is reportedly being tapped for President Donald Trump's agenda to have US investments in projects critical to national security.
"I think logically we should privatize anything that can reasonably be privatized," Musk said at a Morgan Stanley conference. "I think we should privatize the Post Office and Amtrak for example... We should privatize everything we possibly can.
Tesla’s (TSLA) stock continued its downward trajectory in March, following a 28% plunge in February, its steepest monthly decline since December 2022. Today, Tesla stock trades 44% below its all-time highs,
Elon Musk says that he believes the US Postal Service and Amtrak need to privatized and that “we should privatize anything that can reasonably be privatized.”
Michael Grimes has reportedly been recruited to lead the sovereign wealth fund being pushed by U.S. President Donald Trump – he is known as a key dealmaker in the investment realm and also for his role in Elon Musk's acquisition of Twitter.
Elon Musk said Wednesday that he wants to privatize the U.S. Postal Service and Amtrak, according to reports from multiple news outlets. And as the most powerful oligarch in the U.S.—a man who’s been given the chance to unilaterally dismantle whatever he likes under the guise of a pseudo-government agency called DOGE—the billionaire may get his wish soon.