President Donald Trump announced on Wednesday that Elon Musk, the billionaire tech mogul and a key figure in his administration, will be stepping back from his current role in the coming weeks. The announcement, made during a brief Oval Office address, marks a significant shift in the dynamic between Trump and Musk, whose partnership has been a cornerstone of the administration’s early months. The move has also sparked speculation about Musk’s future influence and the trajectory of Trump’s ambitious government overhaul. “Elon’s done a fantastic job—tremendous, really—but he’s going to step back in the coming weeks,” Trump said, flanked by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.
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