Billionaire entrepreneur Elon Musk, who is serving as an adviser to U.S. President-elect Donald Trump, has voiced support for Cantor Fitzgerald CEO Howard Lutnick as a potential U.S. Treasury secretary. Musk described Lutnick as someone who would “actually enact change,” signaling his preference for a reform-minded approach in the role.
Trump has yet to announce his choice for the position, but Lutnick and investor Scott Bessent are reportedly the leading contenders. Sources familiar with Trump’s decision-making process indicate he is deliberating between the two or possibly exploring alternative options.
Musk’s Criticism of “Business-as-Usual”
Musk, known for his outspoken views, expressed reservations about Bessent, referring to him as a “business-as-usual choice.” He warned that such an approach risks perpetuating the financial issues the U.S. faces. “Business-as-usual is driving America bankrupt, so we need change one way or another,” Musk stated on X. He also encouraged public discussion on the matter, urging Trump to consider diverse feedback.
Musk’s Growing Influence
Musk’s proximity to Trump during the transition period highlights his growing influence within the president-elect’s inner circle. Musk has been staying at Trump’s Mar-a-Lago resort in Palm Beach, Florida, while Trump continues to shape his incoming administration.
At a gala event on Thursday night, Trump humorously remarked about Musk’s extended stay at the resort. “I can’t get him out of here. He just loves this place. And I like having him here,” Trump joked.
A Call for Change
Musk took to the stage during the event, emphasizing the public’s demand for transformative leadership. “The public has given us a mandate that could not be more clear. The people have spoken; the people want change,” he declared.
Lutnick’s Role in Transition Efforts
Howard Lutnick has been actively assisting Trump’s transition team and has openly supported the president-elect’s economic policies, particularly his stance on tariffs. His involvement in the transition efforts and Musk’s endorsement could strengthen his candidacy for Treasury secretary.
Bottom Line
Elon Musk’s endorsement of Lutnick as Treasury secretary underscores a push for change and reform in Trump’s administration. While Trump’s final decision remains uncertain, the debate over who will lead the Treasury reflects broader questions about the direction of U.S. economic policy under the new administration.
