US EditionTrump Threatens Subsidy Cuts, Audit of Musk's Companies
- On July 1, US President Donald Trump urged the Department of Government Efficiency to review federal subsidies for Elon Musk’s Tesla and SpaceX ventures to save money.
- Following Musk’s criticism, Trump urged DOGE to review subsidies for Musk’s companies to save federal money, amid the passing of the 'Big Beautiful Bill' by a narrow Senate margin.
- Tesla shares declined nearly 5% in premarket trading after Trump warned Musk could 'close up shop' without government subsidies.
- Following Trump’s threats to end subsidies and deport Musk, Tesla’s stock further declined, highlighting business risks amid the escalating feud.
- More broadly, the GOP fears the feud could harm 2026 midterm prospects and signal a broader political realignment, as Trump claimed Musk might receive unprecedented subsidies and could be forced to leave the U.S. without government support.
514 Articles
514 Articles
Within the framework of the White House offensive against naturalized citizens, the president of the United States slid that he could deport the South African tycoon. In the streaming program of La Tercera, 'From the Editor', the editor of Mundo, Fernando Fuentes, related the discord between the former allies: from Musk's rejection of Trump's tax cut project, to the threat that the government would cut subsidies to the companies of the owner of …
President Trump wants to slash subsidies for small airports across rural America
More than 180 airports in rural areas across the U.S. benefit from federal funding that guarantees commercial air service. That program might lose half its funding due to Trump administration cuts.
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Donate to Democratic candidate Adam Frisch. Donate to Palmer Report. Hi it's me, Bill Palmer. I'm back! Help me relaunch Palmer Report into a dominant fighting force at this crucial time in our history: Donate now.Earlier this week I pointed out that even as Republicans were trying to hurry up and ram the most corrupt legislation in history through the House and Senate, Donald Trump was busy announcing plans for a new prison surrounded by shark…
Elon Musk's Subtle Response to Trump's Deporation Hint Ignites Social Media - Real News Now
In a fresh chapter of the ongoing dispute between business magnate Elon Musk and U.S. President Donald Trump, Musk has recently offered an intensely debated response to Trump’s hinted action of deportation against him. The said confrontation appears to have been fueled anew in light of Musk’s critique on the president’s notable proposed legislation, oftentimes referred to as the ‘grand, admirable bill’. Trump, in a retort, suggested considering …
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