Elon Musk announced Wednesday night that his time as a "special government employee" with the Trump administration is winding down. But that doesn't mean he's leaving President Trump's circle.

Axar.az reports, citing CBS news, Musk, a billionaire entrepreneur, was set to begin his offboarding process with the White House on Wednesday night, according to an administration official. But that doesn't mean his relationship with the president or time at the White House are over.

"Musk left on good terms and is still friends with the president," a senior administration official told CBS News. "This isn't a separation, but just a return to the private sector for Musk. He will continue to be a friend to the president, and we can characterize that as an 'adviser.'