Elon Musk is backing Donald Trump’s transition co-chair Howard Lutnick to lead the Treasury Department, touting the billionaire CEO of Cantor Fitzgerald as a potential secretary who “will actually enact change” from the most powerful economic post in Trump’s cabinet.

Billionaire Elon Musk voiced support for Howard Lutnick in the race to be President-elect Donald Trump’s next Treasury secretary as warring camps make final pushes for the coveted cabinet post.The infighting has delayed decisions on Trump’s economic picks even as he rushes to fill many other posts in his incoming administration.

Billionaire tech mogul Elon Musk threw his support behind Howard Lutnick, chair and CEO of Cantor Fitzgerald, over Scott Bessent, founder of Key Square Group, as Treasury secretary in the next Trump administration in a post on the social platform X on Saturday.