Musk’s declared aim is to slash US deficits by rooting out waste, fraud and abuse. His model is the 80 per cent of Twitter’s staff that he fired after buying the site — starting with its trust and safety group.

Elon Musk has praised a new Hungarian policy granting a tax exemption for mothers who have two or three children. The billionaire, who has often spoken out about the world's declining birth rates, said this was a "great policy" in a post on X.