Published 5 days ago • loading... • Updated 4 days ago

Trump Offers Support to Musk’s Car Company in a Surprising Post as Tesla Stock Plunges

In a July 24, 2025, post, President Donald Trump said he does not want to dismantle Musk's companies, supporting their success despite prior threats to withdraw subsidies.
Trump and Musk clashed over the One, Big Beautiful Bill, Musk opposed the bill because it would cut federal EV subsidies benefiting Tesla, and Trump threatened to withdraw subsidies.
Amid these results, Musk highlights a few rough quarters, Musk said on Wednesday’s call, as Tesla faces operational challenges ahead.
Following the earnings release, Tesla's shares slid nearly 9%, and Trump’s tariffs on China and Mexico could cost Tesla hundreds of millions of dollars, Tesla said on its earnings call.
By next year, Musk added, autonomy at scale will make Tesla’s economics compelling as it rolls out paid robotaxi service in Austin, Texas.

Insights by Ground AI

Does this summary seem wrong?

56 Articles

La Opinion

Lean Left

Donald Trump Rules Out His Intention to Destroy the Companies of His Former Elon Musk

Donald Trump lowers pressure on Elon Musk by discarding the idea of trying to end South African companies

4 days ago

Read Full Article

The New Republic

Left

Elon Musk Hits Back at Trump After His Surprise Outreach Attempt

Elon Musk, the billionaire and former head of the White House’s “Department of Government Efficiency,” slapped away an olive branch extended by the president on Thursday, keeping the feud between them alive.Earlier in the day, Trump had taken to his platform, Truth Social, to dismiss what he said was a widespread perception that he plans to “destroy” Musk’s companies by withdrawing “the large scale subsidies he receives” from the government. On …

4 days ago

Read Full Article

Richmond Times-Dispatch

Lean Right

Trump offers support for Musk's car company

NEW YORK — President Donald Trump took to social media Thursday morning to support Elon Musk's car company, a startling development given their bitter public feud.

4 days ago·Richmond, United States

Read Full Article

News & Record

Lean Left

Trump offers support to Musk's car company

NEW YORK — President Donald Trump took to social media Thursday morning to support Elon Musk's car company, a startling development given their bitter public feud.

4 days ago·Cherokee County, United States

Read Full Article

Forbes

Center

‘Subsidies…Do Not Exist’: Musk Dismisses Trump’s Apparent Overture Wanting Him To ‘Thrive’

Musk insisted that his companies are not receiving any special government subsidies, as he appeared to dismiss the chance for a potential detente in his feud with Trump.

4 days ago·United States

Read Full Article