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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.
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Lean Right

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.

Lean Right

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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  • 39% of the sources are Center
39% Center
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The Hill broke the news in Washington, United States on Wednesday, December 25, 2024.
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