However, there have been suggestions the Tesla chief’s access to government systems could pose a threat to national security.
Image: Mr Trump and Mr Musk during a gala at Mar-A-Lago in November. File pic: Reuters/Carlos Barria
Speaking to Fox News’s chief political anchor Bret Baier, the president gave Mr Musk his full backing.
“I’ve had great help with Elon Musk. He’s been terrific,” he said.
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When asked if he trusted him, Mr Trump added: “Trust Elon? He’s not gaining anything.
“In fact, I wonder how he can devote the time to it – he’s so into it.
“But I told him do that and then I’m going to tell him very soon – maybe in the next 24 hours – to go check the Department for Education. He’s going to find the same thing.
“Then I’m going to go to the military – let’s check the military. We’re going to find billions, hundreds of billions of dollars of fraud and abuse.
“You know, the people elected me on that.”
Mr Trump’s comments come after it was announced US Homeland Security secretary Kristi Noem will work with Mr Musk to improve the department’s efficiency.
“We’re working with them at the president’s direction to find what we can do to make our department much more efficient,” she said in an interview on CNN’s “State of the Union” programme.
“So this is essentially an audit of the federal government, which is very powerful.”