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Trump says talk that he has ceded presidency to Musk is a ‘hoax’

President-elect Donald Trump addresses billionaire ally’s power after his influence was on display in congressional budget wrangling

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Elon Musk and US president-elect Donald Trump in Brownsville, Texas on November 19. Photo: Pool via Reuters

Donald Trump said on Sunday that he will be president of the United States - not Elon Musk.

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“No, he’s not taking the presidency,” Trump told a conservative audience in Phoenix, Arizona, addressing growing complaints about the outsized role the Tesla boss has already had in his incoming administration.

“You know, they’re on a new kick,” he said. “All the different hoaxes. The new one is that President Trump has ceded the presidency to Elon Musk. No, no, that’s not happening.”

That Trump would be compelled to address Musk’s power is testimony to the unusual influence that the world’s richest man has displayed in a second Trump presidency that will not begin for another month.

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Trump has tapped Musk to head a cost-cutting and deregulation effort he calls the Department of Government Efficiency. It is not an official department, but rather a small group of people working from the Washington offices of Musk’s SpaceX and organised around an account on Musk’s social media platform, X.
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