Elon Musk: “We can actually find a trillion dollars in savings.”

“That's why it has to be done. And I'm confident at this point, knock on wood, you know, knock on my wooden head. The got a lot of wood up there that We can actually find a trillion dollars in savings. That would be roughly 15% of the $7 trillion budget. And obviously, that can only be done with the support of everyone in this room. And I'd like to thank everyone for your support.” (04:36–04:41)

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.