Trump escalates Musk feud with threat to Tesla support
US President Donald Trump threatened to cut billions of dollars in subsidies of Elon Musk companies from the federal government, with the increase in the word war between the richest man, the richest man in the world, one -time allies.
The fight will eliminate subsidies on Monday, which spent hundreds of millions of Trump’s re -selection of Trump’s criticism of tax deduction and expenditure invoice, and will eliminate subsidies for the purchase of electric vehicles that benefit Tesla, a leading American home manufacturer. This bill passed the Senate with a narrow difference in the middle of Tuesday.
“The house was upset for losing his mission, and he was very upset about something, but he could lose much more than that, Tr Trump said to journalists in the White House on Tuesday.
Although Musk often says that state subsidies should be eliminated, Tesla has historically benefited from billions of dollars of tax loans and other policy aids due to clean transportation and renewable energy affairs.
Trump management has a control over many of these programs, some of which are targeted on the tax invoice, including a $ 7500 consumer tax loan, which makes purchasing or rental houses more attractive for consumers. Tesla shares fell more than five percent on Tuesday.
Tesla CEO renewed threats to start a new political party and spend money to defeat the tax bill, despite the campaign to limit government expenditures.
Republicans expressed their concerns that Musk could damage the chances of protecting their majority in the 2026 midterm exam congress elections with Trump and again.
Treasury Secretary Scott Bessent, Musk’s bill will balloon the deficit, the country’s finances “I will concern,” he returned.
In late May, Musk pioneered the Ministry of Government Efficiency (DOME), which aims to interrupt government expenditures before withdrawing its participation.
Trump on Social argued on Tuesday Tuesday that Musk could get more subsidies from any person in history: “There is no more rocket launch, satellite or electric cars production and our country will save a reserve.”
Trump doubled and then doubled and a smile to the journalists, “Dogge can go back and eat Elon monster.”
In response to Trump’s threats, Musk said on his own social media platform X, “I literally cut them all. Now.” He said. He then added that he could increase change with Trump, but he said, “I will avoid for now.”
The tir can create new difficulties for Musk’s business empire, especially for the electric car manufacturer, which is the primary source of reserve. The speed of Tesla’s Robotaxi expansion depends largely on the state and federal regulation of self -exercising tools.
Tesla Invester Deepwater Asset Management’s executive partner Gene Munster said, “Tesla’s valuation is based on progressing towards autonomy at the moment.
He asked whether he would deport Musk, a citizen of a citizen, and said to Trump journalists leaving the White House on Tuesday: “I don’t know. We will have to take a look.”
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