India, May 30 -- US President Donald Trump on Thursday lauded billionaire entrepreneur Elon Musk and announced that the two will appear together at a press conference in the Oval Office on Friday at 1:30 pm EST (1730 GMT).

"This will be his last day, but not really, because he will, always, be with us, helping all the way," Trump wrote on Truth Social. "Elon is terrific!"

"I am having a Press Conference tomorrow at 1:30 P.M. EST, with Elon Musk, at the Oval Office," he added.

This development comes as Musk on Wednesday disclosed that he would step down from his White House advisory role.

The Tesla CEO, who served as a special government employee, had been leading cost-cutting efforts within the administration through the Department of...