Skip to content
Home » Full Transcript of Trump, Musk Goodbye Press Conference

Full Transcript of Trump, Musk Goodbye Press Conference

The following is the full transcript of President Donald Trump’s press conference with Elon Musk to mark the Tesla CEO’s last day in his White House role. (May 30, 2025)

Listen to the audio version here:

Opening Remarks on Economic Numbers

PRESIDENT TRUMP: Numbers have just come out which are rather extraordinary and I thought I’d play a tape of one of the people who I’ve respected over the years from you know Joe Kernen and Rick Santelli. This just came out and we’ll just play that for a second.

RECORDING (JOE KERNEN): Personal income is up eight tenths of percent. That is almost triple the expectations. The income numbers really for the first four months of the year they’re stellar. They’re really stellar. I mean I could go back and look at the first four months of many different years. Really very strong numbers and you’re right. This administration is criticized for just about everything under the sun. I’ve never ever in my lifetime had glimpses into the politics of an administration in the form of transparency like this one. Why don’t we be you know give credit where credit is due.

RECORDING (RICK SANTELLI): I also thought everybody was going to get one last order of imports that were going to be tariffed and they were loaded up on things. How the hell did they already fix the trade or not fix it but to cut it in half that’s crazy. So there wasn’t a lot of front loading of things that they needed before the tariffs hit?

RECORDING (JOE KERNEN): Yeah I’ll tell you what it really does call into question some of the conventional wisdom and you know it’s going to be interesting to see what happens next month when we get this number or we see some of the other numbers like current accounts see how they fared because I don’t know I’ve been watching these numbers a long time I don’t think I’ve ever seen the trade deficit cut in half in one month.

PRESIDENT TRUMP: Not bad. I see Howard and Scott are here so it’s great you guys want to stand over here you might as well you’re the ones that helped produce those numbers and it’ll only get better the tariffs are so important and that’s why we were so happy with the decision yesterday where the tariffs continue because without the tariffs our nation would be in peril we would really be in peril I think I can say that with great purity Scott and Howard and so we were very happy to get that decision that big decision yesterday and today it’s about a man named Elon and he’s one of the greatest business leaders and innovators the world has ever produced he stepped forward to put his very great talents into the service of our nation and we appreciate it.

Elon Musk’s Contributions

PRESIDENT TRUMP: I just want to say that Elon has worked tirelessly helping lead the most sweeping and consequential government reform program in generations and you know the kinds of things that he’s he’s found and his people have found he’s brought a group of very smart people in and they found things that are pretty unbelievable I have to say that the numbers that we’re talking about are substantial but they’re going to be very much more substantial with time because many of the things that we’re working on right now we’re going to have to remember Elon as we find them but the numbers could double and triple because many many things we don’t want to go out with them until we’re sure but we’ve we’ve found things that are unbelievably stupid and unbelievably bad with the Department of Government efficiency.

Elon’s delivered a colossal change in the old ways of doing business in Washington. DOGE has installed geniuses with an engineering mindset and unbelievably talented people and computers. I actually asked Elon one time what’s what’s their primary thing and they have a lot of primary things all having to do with being smart but he said the thing that they’re really the best at is working with computers so that they can’t be outsmarted by somebody that’s not so honest that happens to also be good with computers but not as good as these people but the mindset and the senior ranks of every federal department and it’s really changed and with Elon’s guidance they’re helping to detect fraud slash waste and modernize broken and outdated systems.

Government Systems Modernization

PRESIDENT TRUMP: So as you know we’re talking about various systems and changing systems and you know sadly it takes a long time to do that you’ll change let’s say a system at IRS and computerize it properly where the job can be done in one tenth of time but it takes it takes sometimes years to rebuild those systems but we’ve started in many cases we’ve started.

I will say that this has less to do with Elon but the air traffic control systems we’re bidding out to the best companies in the world those systems right now they were hard what the previous administration was horrible what they did they spent billions and billions of dollars and in the end it didn’t even come close to working they they tried to hook up wire to copper and it can’t be done and they just spent billions of dollars and just wasted money actually made the system much worse so we’re going to get a brand new modern system Congress is working with us on that and we’re going to get it done as quickly as we can but it’s a it’s in the works and once it’s done it’ll be good for 30 years but we have a system that’s 48 years old and would have a modern computer hooked into a very outdated computer and they don’t hook up I mean they didn’t hook up so after spending billions of dollars they turned on the system and it in never any cases from local to countrywide they never work.

More than 75,000 bureaucrats have voluntarily left their taxpayer funded jobs to come out and really do the do the job countless wasteful and unnecessary contracts have been terminated and you know that we have terminated many many contracts and many contracts Elon are right now being looked at and it may be six months it may be almost a year in some cases we’re going through procedures we’re going through courts and we’ll remember you as we announced billions of dollars of extra waste fraud and abuse.

Examples of Waste and Cuts

PRESIDENT TRUMP: Just as an example DOGE cancelled 101 million dollars for DEI contracts at the Department of Education 101 million dollars and that was just a small section of the Department of Education.