The tech mogul told Tucker Carlson that he will slash the number of federal agencies if he becomes part of the new administration.

Tesla and SpaceX CEO Elon Musk has said he will seek to improve government efficiency by reducing the number of federal agencies if he is given a role in Donald Trump's administration.

Musk, a staunch Trump supporter, made the remarks during an appearance on Tucker Carlson's online show broadcast from Trump's Mar-a-Lago estate on Tuesday, the day of the election.

Despite initially proclaiming political neutrality, Musk officially endorsed Trump after the first assassination attempt in July and has since become a major supporter of the former president. Trump promised the Tesla CEO that he would establish a special "government efficiency" commission, dubbed the DOGE, to be headed by the billionaire if he wins the election.

Speaking with Carlson, the tech billionaire said that he would like to help Trump create a more efficient government:

"I'd be happy to help improve government efficiency. We've got a gigantic government bureaucracy, we've got overregulation, we've got agencies that have overlapping responsibilities... this translates into real costs to people, they're hidden costs but they are very substantial.

"Your tax money is being wasted and the Department of Government Efficiency is going to fix that."

Musk has invested millions of dollars in supporting Trump. According to media reports, he donated at least $118 million to the Republican's political action committee, a group that focused on voter outreach.

Speaking at a Trump rally last month, Musk pledged to help the Republican slash US annual budget spending by "at least $2 trillion" as part of a review of federal agencies that he would carry out if Trump returns to the White House.

The tech billionaire has repeatedly sounded the alarm over the US debt, warning just last week that the country is spiraling toward bankruptcy and will quickly go bust if Washington doesn't curb its spending.
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