Musk pledges to remain Trump adviser after Washington exit

Ryan Beene and Dana Hull, Bloomberg News on May 30, 2025

By clicking submit, I authorize Arcamax and its affiliates to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Privacy Policy , (2) add to information that I provide with other information like interests inferred from web page views, or data lawfully obtained from data brokers, such as past purchase or location data, or publicly available data, (3) contact me or enable others to contact me by email or other means with offers for different types of goods and services, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here

WASHINGTON — Elon Musk said he will continue to advise President Donald Trump even after stepping away from the Department of Government Efficiency effort he has spearheaded.

“I expect to remain a friend and an adviser, and hopefully, if there’s anything the president wants me to do, I’m at the president’s service,” Musk said alongside Trump during a press conference Friday at the White House. “This is not the end of DOGE, but really the beginning.”

The comments indicate that the chief executive officer of Tesla Inc. and SpaceX plans to remain in the president’s orbit despite vows to pull back from Washington and prioritize his business empire.

As the head of DOGE, Musk’s efforts to slash spending and cut government jobs have drawn pushback from federal workers and Democratic lawmakers as well as a consumer backlash to his business interests.

Musk’s divided attention has rattled investors and Wall Street analysts who underestimated the damage being done to Tesla’s brand around the world. As discontent grew over his focus, the billionaire vowed to pull back “significantly” from his government work to devote more time to Tesla as it nears the critical launch of robotaxi service.

While Tesla’s share price has partly recovered from a deep slide in the first quarter, the fallout has hit Musk’s personal wealth. The stock — a huge source of Musk’s fortune — is down about 11% this year, wiping out about $45 billion from his net worth, according to the Bloomberg Billionaires Index.

SpaceX is facing challenges as well, following a mid-flight failure of its crucial Starship rocket earlier this week.

Musk on Friday declined to comment on a report earlier in the day by The New York Times that he used drugs more heavily than previously known while campaigning for Trump’s reelection last year. Musk took ketamine often, as well as Ecstasy and psychedelic mushrooms on occasion, and exhibited erratic behavior, according to the report.

Largest donor

Musk, 53, was the largest donor supporting Trump’s reelection, giving more than $250 million. As a special government employee under the administration, Musk was allowed to keep running his businesses while maintaining an office in the White House. It was always a temporary arrangement with the law governing SGEs allowing only 130 days of work a year.

Trump spoke highly of Musk during the Friday event, which was ostensibly held to mark the end of Musk’s government service. The president handed Musk a gold key, while saying he had cut fraud and waste while helping to modernize systems.

“Elon is really not leaving,” Trump said. “He’s going to be back and forth.”

Musk wore a black hat and black T-shirt with the slogan “The Dogefather.” He also sported a black eye, drawing questions from reporters in the room. Musk said his 5-year-old son, X, had caused it.

“I said go ahead, punch me in the face, and he did,” Musk said. “I didn’t really feel much at the time but I guess it bruises.”

_____

(With assistance from Gregory Korte, Jennifer A. Dlouhy and Kara Carlson.)

______