President-elect Trump announced Elon Musk and Vivek Ramaswamy as the leaders of his new Department of Government Efficiency, aiming to reduce federal waste and bureaucracy.

President-elect Donald Trump made good on one of his campaign promises Tuesday night when he officially appointed billionaire Elon Musk to lead the new “Department of Government Efficiency,” along with entrepreneur Vivek Ramaswamy.

The Tesla CEO was named to a position in the second Trump administration on Tuesday evening. Investors don’t seem to be bothered by the idea.