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  • 5/31/2025
Trump lauds Musk as billionaire's turbulent tenure ends

US President Donald Trump praises billionaire Elon Musk's efforts to cut federal spending during a joint press conference in the Oval Office on May 30, 2025 as the Tesla CEO departs the administration after a chaotic tenure that saw the elimination of thousands of jobs and billions of dollars in contracts. Musk, who headed the Department of Government Efficiency, disrupted numerous agencies across the federal bureaucracy but ultimately fell far short of the massive savings he had initially promised. Musk said he intended to devote most of his energy to his business empire, including Tesla and SpaceX, after some investors expressed concern that DOGE was occupying too much of his time.

US NETWORK POOL / REUTERS

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Transcript
00:00Many of the Doge people, Elon, are staying behind, too, so they're not leaving.
00:06And Elon's really not leaving. He's going to be back and forth, I think.
00:09I have a feeling. It's his baby, and I think he's going to be doing a lot of things.
00:14I gave him a little special something we have here.
00:16A very special, that I give to very special people.
00:21I have given it to some, but it goes to very special people,
00:25and I thought I'd give it to Elon as a presentation from our country.
00:31Thank you, Elon.
00:32Take care.
00:35I've seen a lot.
00:39That this is not the end of Doge, but really the beginning.
00:43My time as a special government employee necessarily had to end.
00:46It was a limited time thing.
00:47It's 134 days, I believe, which ends in a few days.
00:50So that, you know, it comes with a time limit.
00:54And, but the Doge team will only grow stronger over time.
00:59The Doge influence will only grow stronger.
01:01I think the Doge team is doing an incredible job.
01:04They're going to continue doing an incredible job.
01:06And I'll be, and I'll continue to be visiting here
01:11and be a friend and advisor to the president.
01:15And with Elon's guidance, they're helping to detect fraud slash waste
01:20and modernize broken and outdated systems.
01:22So, as you know, we're talking about various systems
01:25and changing systems.
01:26And, you know, sadly, it takes a long time to do that.
01:54You

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