Billionaire Elon Musk and Key Square Group LP founder Scott Bessent, whom President-elect Donald Trump is considering for Treasury secretary, spoke after Musk publicly endorsed Howard Lutnick as the best pick for the post,

Billionaire tech mogul Elon Musk threw his support behind Howard Lutnick, chair and CEO of Cantor Fitzgerald, over Scott Bessent, founder of Key Square Group, as Treasury secretary in the next Trump administration in a post on the social platform X on Saturday.

Elon Musk on Saturday endorsed Howard Lutnick, Trump-Vance transition co-chair, as his pick for Treasury secretary. Lutnick and Key Square Group founder and CEO Scott Bessent are reportedly top picks to run the Treasury Department.