US EditionTrump Escalates Feud with Musk, Threatens to Cut Government Contracts for His Companies
- On Friday, US President Donald Trump indicated he does not intend to have a conversation with Elon Musk and mentioned that Musk's federal contracts will be subject to review amid their ongoing dispute.
- The feud began over a sweeping tax-cut bill narrowly passed by the House last month, which Musk harshly criticized, prompting Trump to revoke a Musk ally's NASA nomination.
- The dispute caused Tesla's stock to drop 14% on Thursday with a $150 billion loss before partially rebounding on Friday, marking Tesla's largest single-day decline.
- Trump said aboard Air Force One, "I hope he does well with Tesla" but added, "We'll take a look at everything" regarding Musk's government ties and contracts.
- This escalating conflict threatens GOP unity ahead of next year's midterms and suggests possible termination of Musk's federal contracts with SpaceX and Starlink.
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President Donald Trump sent a message this Friday to Elon Musk: his administration is ready to “take a look” at the active contracts between the federal government and tycoon companies.Read more]]>
Coverage Details
Total News Sources461
Leaning Left76Leaning Right60Center132Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 28%
C 49%
R 22%
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