Trump says he won’t ‘destroy’ Musk’s companies, take away subsidies

Elon Musk received a golden key from President Donald Trump in the Oval Office in Washington, May 30, 2025.
Nathan Howard | Reuters
President Donald Trump claimed that he wanted to ruin Elon Musk’s companies and the US government on Thursday.
“Everyone says that I will destroy Elon’s companies by taking some of the large -scale subsidies from the US government.” Real social. “This is not like that! I want Elon and all businesses in our country to develop as never before!”
“The better they do it, the better the United States, the better for all of us,” Trump wrote.
The couple started with Musk’s opposition to Trump’s signing invoice and Tesla CEO attacked the president’s relationship with the convicted sex criminal Jeffrey Epstein.
In June, the President threatened to interrupt some of the government of Musk, as Trump’s “Big Beautiful bill” clashed and his relations were solved.
Musk previously transformed the President’s so -called government productivity and hundreds of millions of dollars into Trump’s re -election campaign.
On Wednesday, in the second quarter earnings of Technology CEO, the car manufacturer Tesla’s tariff costs and the end of the federal electric vehicle advantages at the end of September, “several coarse neighborhoods” can live, he said.
In the early hours of the day, the White House Press Secretary Karoline Leavitt claimed that the administration did not want Federal agencies to work with Musk’s artificial intelligence start Xai.
On July 14, Pentagon announced on July 14 that the Xai and the other three AI companies have given the contract up to $ 200 million each.
Musk’s aviation and defense contractor SpaceX also has a major contract exposure in the USA
According to Fedscout, who investigated federal expenditures and government contracts, the reusable rocket producer has received more than $ 22 billion with the federal government since 2008. This includes the contracts of NASA, Air Force and Space Force, as well as others, but does not reflect the income of contract from hidden initiatives.
The Trump administration recently reviewed the SpaceX federal contracts to see if it was potential for interruptions. Wall Street Journal. Most of the examination found critical.
Tesla, according to the evaluation of financial files by the home manufacturer’s FedSCout CEO Geoff Orazem and CNBC, has been reported to sell “automotive regulatory loans” or environmental loans since 2015.
This included a $ 439 million regulatory loan sales in the second quarter of 2025.
Such incentives have been largely derived from federal and state regulations that require automobile manufacturers to sell a number of low -emissions in the USA or to receive credit from companies such as Tesla.
Regulatory credit sales go directly to Tesla’s profitability.
Tesla on Thursday in a three -month financial file Risk factors section.
Tesla’s file, “the loss of existing tax loans and carbon offset mechanisms may even adversely affect our financial consequences.” He said.
“OBBBA provisions can affect the costs and costs of the battery cell for our consumers and may adversely affect the demand,” he added.
Correction: Tesla mentioned a “great bill” in the initials in the risk factors section of the company’s three -month financial file. A previous version of this story called the bill wrong.
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