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.

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.

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

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.

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.

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.

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

The world’s most powerful tech bro Elon Musk has a new battle with the Australian government on his hands. First it was Anthony Albanese’s plan to restrict social media access for children that drew the ire of the Tesla boss, but now the battlelines are being drawn over internet access Down Under.

Grant Vowles lives in regional Tasmania and used to be on the NBN until he switched to a satellite competitor due to frustratingly slow speeds. He'll wait and see if Labor's pledge to "finish" the network convinces him to switch back.