The plan for the business advisers, or the Strategic and Policy forum, is to meet with Mr. Trump to share their unique knowledge and experience with the US leader.
Mr. Trump's team hope that this will help him manage the country's economic agenda. Both Elon Musk Travis Kalanick will reportedly share their insight into the business world in a bid to help Trump achieve his political goals.
"Oh my god, Donald trump's gonna win. I'm going to move to China if Donald Trump wins."
However, Mr. Musk was much more vocal in his dislike of Donald Trump, saying he was "not the right man for the job" in an interview with CNBC.
"He doesn't seem to have the character that reflects well on the States," Musk said in an interview.
Mr. Musk's business empire has been built on harnessing renewable energy. He is concerned about the dangers of climate change. He also supported Hilary Clinton's economic and environmental political mandate.
On the other hand, Mr. Trump said he doesn't believe that climate change is an issue and that global warming is a hoax encouraged by the Chinese.
The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive.— Donald J. Trump (@realDonaldTrump) 6 November 2012
Musk and Kalanick may have to hold back in their future advisory sessions with Mr. Trump, if they plan to remain close to the future US administration.