Wearing his trademark black “Make America Great Again” hat, billionaire Elon Musk began his appearance at the Conservative Political Action Conference by brandishing a chainsaw that was given to him by Argentine President Javier Milei.

Commerce Secretary Howard Lutnick revealed Elon Musk made an agreement with him to cut $1 trillion from federal spending via the Department of Government Efficiency. Nearly a month has passed since Musk began his volunteer position with DOGE under the White House Office of Management and Budget.

MSNBC host Lawrence O’Donnell also said that the little boy’s presence in an Oval Office press conference with Trump Tuesday was ‘a power play’ by the tech billionaire.

Tesla’s financial tale, however, has taken a turn since Trump took the oath of office with Tesla stock down over 17% since Jan. 21, as of midday Friday. Just weeks before the inauguration, Tesla reported the first full-year drop in global sales in its history as a public company, according to a report from CNN.