U.S. President Donald Trump said on Friday that billionaire Elon Musk will remain a close adviser, after the Tesla CEO ended a chaotic four-month stint leading the administration's sweeping cost-cutting campaign.

Key Takeaways President Donald Trump said Friday that Elon Musk is "really not leaving" his cost-cutting Department of Government Efficiency, and that "he's going to be back and forth."Musk said earlier this week that he would leave the Trump administration and refocus on his companies.

President Donald Trump is scheduled to hold a news conference Friday with Elon Musk as the Tesla CEO departs his role as a special government employee overseeing the U.S. DOGE Service. “This will be his last day,