A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.

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 .

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

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.

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.

Even so, Mr Ellison remains the world’s fifth-richest man, and Oracle the third-biggest software firm. He has a thing or two to teach fellow tech titans, in particular his friend Elon Musk, about staying power.

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.

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.

While Suni Williams and Butch Wilmore’s situation is unusual, their return trip will be pretty routine, as they were already slated to fly home on a SpaceX capsule as part of a scheduled crew rotation.

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.

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