The tech pioneer warns that skills for business success don't translate to effective governance — a direct challenge to Elon Musk's new government role.

“Scott Bessent today said Elon’s group in the first 30 days found $55 billion of waste, fraud, and abuse,” said Bannon, President Donald Trump’s chief White House strategist during the first several months of his first term. “$55 billion, that’s going to add up to six, seven, $800 billion. In one month, they’ve done that.”

Steve Wozniak, co-founder of Apple, spoke with CNBC about what tech billionaire Elon Musk is doing with the U.S.'s new Department of Government Efficiency and weighed in on Tesla's product evolution.