Musk added, "I think this could be the greatest administration since the founding of the country."
Musk, whose companies include Tesla, the social media site X and SpaceX, alluded to the acts of vandalism his Tesla dealerships have faced, telling Trump, "Well, they did like to burn my cars, which is not great."
Trump reassured him that he has the support of the administration but acknowledged that Musk "wants to get back home to his cars."
"You've done an incredible job," he told Musk. "$150 billion …" he started, with Musk correcting him with a figure of $169 billion in cuts to spending in the government.
"A lot of stuff is being worked on," Trump continued. "That number could be doubled and even tripled. A lot of things are being worked on that we don't count yet because it's not quite there."