Elon Musk has said that he and Trumps economic plans will create "temporary hardships"

In a telephone town hall last Friday, Musk—whom Trump plans to put in charge of a government commission tasked with cutting spending—said that the spending cuts he’ll spearhead (and that famed investor John Paulson is also helping devise) would cause “some temporary hardship” but would lead to “long-term prosperity.” Even more strikingly, a few days later Musk took to X to agree with a tweet asserting that the combination of spending cuts and Trump’s proposed mass deportations of undocumented migrants would cause a “severe overreaction in the economy” and lead markets to “tumble.”

“Sounds about right,” Musk wrote.