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,

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.