Elon Musk showed off a trimmer figure in a holiday social media post on Wednesday while revealing that he has been taking an anti-obesity drug to shed pounds. Why it matters: Musk's post highlighted just how mainstream weight-loss drugs like Ozempic and Wegovy have become in recent years as public figures openly admit to using them,

Skyrocketing demand for Ozempic ( NVO ), Wegovy and other weight-loss drugs has boosted business for another line of work: online scams. Several reports this year have found that high demand combined with major barriers to accessing these medications has created the perfect storm for grifters looking to take advantage of people.

Elon Musk has admitted to taking a weight-loss drug in a Christmas Day post on X, formerly Twitter, as he shared a picture of himself wearing a Santa costume. "Ozempic Santa," the Tesla and SpaceX CEO posted alongside a photo of himself in the classic red outfit and white beard.

Elon Musk uses the weight-loss drug Mounjaro, he newly revealed, as he jokingly referred to himself as “Ozempic Santa” in a Santa suit. Taking to the social media platform he owns, X (formerly known as Twitter),

GLP-1 receptor agonists, which can cost around $1,300 a month, have caused an increase in premiums that “affect all members, whether they utilize weight loss drugs or not,” IBX said in a statement.

Ozempic is a drug for diabetes, but it's also being used off-label for weight loss. Its active ingredient has inspired a new class of weight-loss drugs.

He prefers Mounjaro over Ozempic, another popular GLP-1 inhibitor, due to its fewer side effects and increased effectiveness.

Elon Musk turned heads with a decadent his tree. Dressed head-to-toe in a Santa costume, he captioned his photo "Ozempic Santa," flaunting a slimmer figure. The Tesla CEO was picked by president-elect Donald Trump to co-lead the inaugural Department of Government Efficiency shortly after the election.

Billionaire Tesla CEO Elon Musk showed off a slimmer build in a Christmas day tweet in which he declared himself, “Ozempic Santa.” In the photo shared with the tweet, Musk strikes a modelesque pose in front of a Christmas tree while dressed as Santa Claus.