The market is exactly the wrong place to put something if you want a rail transportation system that meets the needs of all of America.’

Elon Musk added Amtrak to the list of government-funded services on his chopping board, saying privatization was the only way to fix the federally owned railroad.

The head of the Department of Government Efficiency suggested the move while speaking at a Morgan Stanley conference Wednesday.

During a remote appearance at a technology conference in San Francisco, Musk told attendees the U.S. should privatize "as much as possible."

We should try to privatize everything we possibly can,' the DOGE head says. Amtrak, however, says its 'business performance is strong.' Will Trump squash Biden-era funding that's working to fix it?

By David Shepardson WASHINGTON (Reuters) -Billionaire Elon Musk, who is advising President Donald Trump on plans to radically shrink the U.S. government, said on Wednesday that the U.S. Postal Service and passenger railroad Amtrak should be privatized.

Since taking office in January, President Donald Trump has slashed government spending and dismantled entire federal agencies and programs, with billionaire Elon Musk and his Department of Government Efficiency leading the charge.