Elon Musk: “Senator Collins was telling you about how she gave the Navy…”

“It's literally losing $2 trillion a year and it does not pass its audits. It fails its own audits. So like, there's a case where, like I think Senator Collins was telling you about how she gave the Navy $12 billion for more submarines, got no extra submarines. and then held a hearing to say, where'd the $12 billion go? And they were like, we don't know that was it. I mean, basically, this stuff is so crazy.” (25:01–25:09)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.