Donald Trump has rejected claims that he ceded the US presidency to Elon Musk, labelling the rumours as a "hoax." Speaking to supporters at a Turning Point USA event, Trump firmly stated that Musk would not become president, citing constitutional restrictions. Despite this, Trump acknowledged Musk's influence and contributions, especially in the political sphere, as Musk’s involvement in Washington continues to draw attention. The billionaire's increasing political sway, particularly in Trump’s administration, remains a topic of controversy.