Trump Threatens Subsidy Cuts, Audit of Musk's Companies
- President Donald Trump publicly renewed his feud with Elon Musk on Tuesday, threatening to cut subsidies for Musk's companies and scrutinize them through DOGE.
- The conflict escalated due to Congress voting on a spending bill that would raise the debt ceiling by $5 trillion and reduce green energy tax credits, including electric vehicle incentives.
- Musk criticized the bill as a 'disgusting abomination' undermining his previous government efficiency work, and threatened to back primary challenges against Republicans supporting it.
- Tesla stock fell nearly 5% premarket on Tuesday as analyst Dan Ives linked the decline to the Musk-Trump feud and uncertainty over future subsidies and policies.
- This public dispute suggests continued political instability around EV mandates and government spending, with Musk proposing a new political party to represent moderate voters.
398 Articles
398 Articles
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.
Musk and Trump are fighting (again) over the ‘Big, Beautiful Bill’
Elon Musk has taken aim at President Donald Trump’s signature piece of legislation known as the “Big, Beautiful Bill.” Musk opposes the multi-trillion-dollar debt increase the bill would bring. Trump fired back, claiming Musk gets “more subsidy than any human being in history” from the US government.
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