It's his baby, says Trump about Doge (Department of government efficiency), a White House initiative led by Musk for streamlining.
Through Doge, Musk promised cuts in the state budget of nearly 2,000 billion dollars. However, during a government meeting in April, Musk stated that they were counting on saving only 150 billion dollars during the budget year, according to New York Times.
Musk announced himself earlier in the week that his time as an advisor to Trump is coming to an end.
"Friend and advisor"
During the press conference, Musk says that he will continue to be a "friend and advisor" to Trump.
I expect to continue giving advice on what the President would like to have advice on, says Musk.
I hope so, Trump chimes in.
Musk describes it further as being ready if the President wants something from him.
Journalists on site notice that the tech billionaire has a black eye, and Musk says that he was joking with his five-year-old son X Æ A-Xii and said "hit me in the face".
And he did, says Musk.
Received golden key
The collaboration between Musk and Trump began during the autumn election campaign, where the Tesla CEO often appeared on stage at campaign meetings.
However, the relationship is said to have become less confidential. Musk, who donated 290 million dollars to Trump's election campaign, recently said that he will put significantly less money on it in the future. And he expressed disappointment over Trump's controversial budget proposal, called by the President himself "big, beautiful bill", as it is estimated to increase the country's national debt.
In connection with the press conference in the Oval Office, Musk received a golden key to the White House - gilded and packed in a wooden box - from Trump.