President-elect Donald Trump dismissed suggestions that billionaire Elon Musk holds outsized influence over his administration, labeling the claims a “hoax” perpetuated by political opponents.

The statements come amidst growing criticism of Musk’s involvement in budget negotiations and his advisory role in Trump’s transition team.

Addressing the allegations for the first time, Trump praised Musk as an innovator and valued ally. “Elon is a great supporter, but no, he’s not taking the presidency,”

Trump said during a press briefing, quipping that Musk, who was born in South Africa, is constitutionally barred from holding the office.

Musk’s rising role in Trump’s team

The controversy stems from Musk’s appointment to lead the proposed Department of Government Efficiency (DOGE), an independent advisory panel tasked with reducing federal spending. Although the department is not an official government agency, its undefined scope and Musk’s prominent involvement have drawn criticism from both Democrats and Trump’s Republican allies.

Musk, the CEO of Tesla and SpaceX, became one of Trump’s most vocal backers during the campaign, reportedly contributing $200 million to a pro-Trump Political Action Committee (PAC). His endorsement came after an assassination attempt on Trump in July.

Budget deal sparks tensions

The criticisms intensified following Musk’s intervention in budget negotiations last week. Trump and Musk opposed a bipartisan funding bill passed by Congress, with Trump objecting to the absence of a debt ceiling increase. Musk, using his X platform, criticized the deal in a series of posts and pledged financial support for primary challenges against lawmakers who supported the legislation.

House Speaker Mike Johnson confirmed he consulted both Trump and Musk during the renegotiation process. The revised funding bill, signed by outgoing President Joe Biden, funds the government through March 14 but leaves the debt ceiling issue unresolved.

Republican lawmaker Rich McCormick described Musk’s influence as “concerning,” telling CNN, “He’ll put pressure on us to do whatever he thinks is best for him.” In contrast, Representative Tony Gonzales remarked on CBS that Musk’s role feels akin to that of a “prime minister.”

Democrats express alarm

Musk’s visible presence alongside Trump during the transition period has also unsettled Democrats. Some have labeled his influence “extremely alarming,” citing concerns over corporate interests shaping government policy.

Senator Bill Hagerty defended Musk’s contributions, emphasizing that the billionaire’s input reflects his vision for efficiency rather than control over Trump’s decisions.