US EditionTrump Threatens Subsidy Cuts, Audit of Musk's Companies
- On Tuesday at the White House lawn, Trump intensified his public dispute with Elon Musk over a tax and spending bill affecting subsidies.
- The conflict stems from Musk opposing a bill that would remove electric vehicle incentives and increase the national debt by $3.3 trillion.
- Musk criticized the bill as a 'disgusting abomination' and threatened to form a new 'America Party' if it passes, while Trump warned Musk could lose subsidies.
- Tesla's stock dropped nearly 5% pre-market Tuesday following Trump's comments and analyst Dan Ives predicted weaker Tesla performance amid the feud.
- The ongoing feud raises political and financial risks for Musk's business, highlighting tensions between his subsidy reliance and opposition to Congressional spending.
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Center
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Donald Trump and Elon Musk have started a new war of words, with the US leader threatening to cut government subsidies to Tesla, while Musk dares to cut them completely.
Will the billionaire's weapon turn against him? Donald Trump could use the agency to cut the subsidies to the companies of the boss of Tesla and SpaceX.
·Paris, France
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Total News Sources413
Leaning Left70Leaning Right73Center97Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 29%
C 40%
R 30%
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