Elon Musk: “In my opinion, it's like 80% waste, 20% fraud [in government…”

“Is it incompetent that you're finding, or is this like the biggest money laundering scheme in the history of the world that you're finding? Look, I think it's mostly. If you say, look, what's the waste to fraud ratio? In my opinion, it's like 80% waste, 20% fraud [in government expenditures]. But you do have these sort of gray areas. Example. Example would be. So we saw a lot of payments going out of treasury that had no payment code and no explanation for the payment.” (03:36–03:41)

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