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.

Elon Musk on Saturday endorsed Howard Lutnick, Trump-Vance transition co-chair, as his pick for Treasury secretary. Lutnick and Key Square Group founder and CEO Scott Bessent are reportedly top picks to run the Treasury Department.