US President Donald Trump recently praised business tycoon Elon Musk and announced that the two will appear together for a press conference on May 30. The event is set to take place in the Oval Office at 1:30 p.m. EST (11 p.m. IST). Musk is stepping down from his role in the Trump administration, but Trump hinted that their journey together is not quite over yet. Below is everything you need to know about this big update.
All You Need to Know
- Donald Trump called Elon Musk “terrific”
- Musk’s last official day in the administration is May 30
- Trump said Musk would continue to support his work
- Musk headed the Department of Government Efficiency
- He helped with cost-cutting and reducing federal spending
- Musk criticised recent Republican tax and budget plans
- He had pledged to reduce his political spending
- Musk earlier donated nearly $300 million to Trump’s campaign
What Donald Trump Said About Elon Musk
Taking to Truth Social, Donald Trump wrote warmly about Elon Musk. “This will be his last day, but not really, because he will always be with us, helping all the way,” Trump shared. He added, “Elon is terrific!” The strong praise indicates that even though Musk is stepping away from an official role, their professional partnership may continue informally.
Musk’s Role in Trump’s Administration
Elon Musk had been leading a special department called the “Department of Government Efficiency.” His main job was to help reduce unnecessary federal expenses and bring more tech-style solutions into government working. This was seen as an attempt to run the administration like a startup, a bold move that received mixed reactions.
Why Musk is Leaving
Musk announced his decision to step down just a day before the press meet. His exit comes after growing criticism and a major drop in Tesla’s stock price. Many investors had been worried about Musk’s political alignment, especially his vocal support for Trump and right-wing European parties. His exit has come as some relief to Tesla shareholders.
Musk’s Political Funding in Focus
Last year, Musk spent almost $300 million on Trump’s presidential campaign and other Republican candidates. But now, he says he plans to spend less on politics going forward. He also recently criticised the high cost of Republican tax and budget bills in Congress, signalling a shift in his political approach.
Today’s Press Conference
The Trump-Musk press conference is scheduled for today, May 30, at 1:30 p.m. EST (11 p.m. IST). It is expected that both will speak about Musk’s role, his contributions, and possibly plans for future collaboration, even though he won’t hold an official post.
Elon Musk stepping down from his White House role marks the end of an interesting chapter, but not the end of his involvement with Trump. With a press conference lined up and kind words from the President, it’s clear the bond between the two is still strong. As Musk returns full-time to his tech empire, the political world will be watching to see what he does next.
Also Read: Elon Musk quits Trump cabinet, steps down from his role as DOGE head
FAQs
What was Elon Musk Role in the Trump administration?
He led the Department of Government Efficiency, aiming to cut costs and modernise systems.
Why is Musk stepping down now?
He faced backlash over his political views, and Tesla stocks were falling. He chose to step away to focus on other priorities.
What did Trump say about Musk?
Trump praised him as “terrific” and said he would still support them from outside the administration.
What time is the Trump-Musk press meet?
The press conference is today, May 30, at 1:30 p.m. EST (11 p.m. IST).
Will Musk be active in politics again?
For now, he says he’ll reduce his political spending, but future involvement cannot be ruled out.
