Tesla and SpaceX founder Elon Musk has allegedly taken up residence at Mar-a-Lago, gaining close access to the US president-elect.

According to the New York Times, the billioniare tech mogul has been living in an expensive cottage on Donald Trump’s Mar-a-Lago estate in Florida since the US presidential election in November.

The report reads: “Elon Musk plays many roles with President-elect Donald J. Trump. He is Mr. Trump’s most important donor, most influential social media promoter and a key adviser on policy and personnel,” adding that “For most of the time since Election Day, he has also been Mr. Trump’s tenant,

RT reports: Musk took up residence at the Banyan Cottage, which typically rents for $2,000 per night and is situated just a few hundred feet from Trump’s main house, providing Musk with easy access to the president-elect, the NYT reported on Monday, citing a person familiar with the property.

This arrangement underscores Musk’s significant influence on Trump’s transition team and has allowed him frequent visits with the president-elect, including dinners and policy discussions, the newspaper noted.

Since publicly endorsing Trump following a failed assassination attempt in July, Musk has gradually become one of his key advisors on both policy and personnel decisions. He attended meetings at the Mar-a-Lago Teahouse, participated in phone calls with foreign leaders, and involved his employees in vetting candidates for senior administration roles. Recently, Musk joined Trump for dinner with Amazon founder Jeff Bezos, a rival in the tech industry.

Musk’s financial contributions to Trump’s campaign have also been substantial: he reportedly spent around $250 million in the final months of the election cycle to support Trump. This level of backing has cemented Musk’s role as one of the most important donors and social media promoters for the president-elect.

The tech mogul’s stay at Mar-a-Lago allegedly began around Election Day, during which he watched the returns with Trump. He left the property briefly around Christmas but is expected to return soon, the newspaper wrote, noting that the exact amount Musk will pay for his stay at Mar-a-Lago remains unclear. Vice President-elect J.D. Vance has also been frequently seen at Mar-a-Lago during the transition period.