US EditionTrump Threatens Subsidy Cuts, Audit of Musk's Companies
- On Tuesday, Trump threatened to cut subsidies to Musk’s companies and suggested using DOGE to target him, also raising the possibility of deporting the tech CEO.
- Trump's opposition to the 'One Big Beautiful Bill' stems from Musk's criticism, particularly its rollback of EV tax incentives and labeling Republicans as the 'PORKY PIG PARTY.'
- Tesla shares dropped over 5% after Trump threatened to cut subsidies and target SpaceX contracts, highlighting potential market fallout from the feud.
- Tesla’s stock dropped over 5%, wiping out $150 billion, amid GOP divisions over the bill ahead of 2026 midterms.
- Beyond the immediate spat, the feud highlights splits within the Republican Party and signals potential reentry of Musk into political spending ahead of the 2026 midterms.
467 Articles
467 Articles
Trump threatens to pull support for SpaceX and Tesla after Musk’s ‘big, beautiful bill’ criticism. Can he do that?
In the aftermath of his departure from the Department of Government Efficiency, Elon Musk restarted his feud with President Donald Trump on Monday over the president’s “big, beautiful bill.” Weeks after criticizing Trump’s domestic policy agenda and calling on Republicans…
Something’s not right with this guy
Donate to Democratic candidate Adam Frisch. Donate to Palmer Report. Hi it's me, Bill Palmer. I'm back! Help me relaunch Palmer Report into a dominant fighting force at this crucial time in our history: Donate now.Zohran Mamdani has officially been declared the winner of the New York mayoral primary. Yes, he has, and while he claims this title of winner, Donald John Trump is scowling menacingly as he threatens to deport Mamdani. Why would he do…
US President Donald Trump has claimed that his former ally Elon Musk is "angry" about the elimination of incentives for electric cars and warned him that he "stands to lose a lot more" under the current…
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