Musk isn’t introducing a novel idea. For years, people have advocated eliminating the penny, as pennies are rarely spent as change. And since the Covid-19 pandemic, more consumers are shopping online or avoiding physical currency altogether .

A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.

According to the U.S. Mint, the cost to produce a single penny jumped 20% during the 2024 fiscal year to 3.69 cents.

Federal agencies have offered exits to millions of employees and tested the prowess of engineers — just like when Elon Musk bought Twitter. The similarities have been uncanny.

Text messages show Elon Musk rejected a dinner invite from Nicolai Tangen, head of Norway's oil fund, and lectured him on how to be a better friend.

The official X account for DOGE, the reform department headed by billionaire Elon Musk, shared facts about penny production in the United States — which is an affront to both efficiency and frugality.

Manufacturing needs to be "cool" again, attracting more of the talent that flocks to finance and law, Tesla CEO Elon Musk said Wednesday. College graduates have been sending more applications to manufacturing companies, and a bit fewer to financial service firms, according to Handshake, a job board.

The Department of Government Efficiency hinted it may be looking to eliminate the penny. Elon Musk's initiative says production of the coin is costing taxpayers millions of dollars.

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.

While Suni Williams and Butch Wilmore’s situation is unusual, their return trip will be pretty routine, as they were already slated to fly home on a SpaceX capsule as part of a scheduled crew rotation.

Elon Musk’s Starlink network is winning Australian customers, but Communications Minister Michelle Rowland says NBN will remain cheaper and get faster.

KoBold is part of something called the Disko-Nuussuaq project, a mining effort to drill for minerals along Greenland’s western coast. It has also secured a Mineral Exploration License for Disko Island—which is located off Greenland’s west coast—for the years 2024-30.