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Elon Musk to step aside from adviser role, Donald Trump tells cabinet and confidants

News of imminent departure from cost-cutting DOGE boosts Tesla share price after sales had plunged

US president Donald Trump and Elon Musk. Photo: Getty Images.

US president Donald Trump and Elon Musk. Photo: Getty Images.

Susan Heavey and Akash Sriram

Today at 03:30

The White House has said that tech billionaire Elon Musk will stay on to complete his mission to slash government spending and downsize the federal workforce, dismissing media reports that he will leave the role soon.

Politico and ABC reported that President Donald Trump had told members of his Cabinet that Musk will soon depart and return to the private sector, although the reports did not make clear if that would mean Musk leaving before his 130-day mandate as a special government employee is set to expire around late May.

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