Musk, the owner of car manufacturer Tesla and social media platform X, has been tapped by Trump to lead the proposed Department of Government Efficiency (DOGE), with biotech entrepreneur and former Republican presidential candidate Vivek Ramaswamy, after vocally supporting and financially backing his campaign for president.

President-elect Donald Trump said he has not ceded the presidency to billionaire Elon Musk, calling that accusation a “hoax.” “No, he’s not taking the presidency,” Trump said Sunday at Turning Point USA’s AmericaFest conference in Phoenix,

When it comes to controlling GOP leaders, Musk has a real advantage. Trump's favorite tool to keep politicians in line, threatening to run a primary opponent, makes even more sense for Musk, who can offer any such person limitless financial resources.

Elon Musk, the billionaire CEO of Tesla, is co-leading the newly formed Department of Government Efficiency (D.O.G.E) with Vivek Ramaswamy under the incoming administration of ‘crypto president’ Donald Trump.

Donald Trump has clapped back at jokes that he is not really in charge, insisting that his new right-hand-man Elon Musk will never be president. Musk, who has been christened the ‘first buddy’ has been spending a lot of time with Trump since his election victory.