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Musk vs. Bannon War Explodes

  • President Donald Trump is threatening to cut off government support to Elon Musk's companies, claiming it would save money for the government.
  • Trump stated he wants the Department of Government Efficiency to review all federal funding to Musk's companies, which have received at least $38 billion in the last twenty years.
  • Tesla's stock dropped by about $150 billion amid the dispute, raising concerns about its future sales and costs.
  • Musk vowed to oppose members of Congress backing what he called the 'biggest debt increase in history.
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  • 71% of the sources lean Right
71% Right
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Business Times broke the news in on Tuesday, July 1, 2025.
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