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Trump Promises He Won't Put Boot on Musk's Neck
UNITED STATES, JUL 25 – Trump denies plans to harm Elon Musk's companies despite subsidy cuts impacting electric vehicle tax credits worth up to $7,500, amid ongoing criticism of tax and spending legislation.
- On July 24, 2025, President Donald Trump denied plans to cut federal subsidies to Elon Musk’s companies, saying he wants them to thrive.
- On June 5, 2025, Elon Musk criticized President Trump’s signature tax bill as a `MOUNTAIN of DISGUSTING PORK`, ending last year’s close alliance.
- Last month Trump floated cutting off subsidies to Musk’s companies, and the White House asked Defense and NASA to review SpaceX contracts for possible retaliation.
- Leavitt clarified that the administration does not oppose federal agencies working with xAI, which had just secured a $200 million DoD deal.
- Under the new budget bill, the $7,500 new EV credit and $4,000 used credit expire on September 30, affecting green vehicle sales.
13 Articles
13 Articles
'Everyone is stating I will destroy Elon's companies, but...': Trump plays down feud with Musk
The seeds of trouble between the duo were sown after Musk denounced Trump’s sweeping tax-cut and spending bill. The president initially held his tongue while Musk campaigned to torpedo the bill, saying it would add too much to the nation’s $36.2 trillion in debt
Trump: Won’t ‘Destroy’ Musk’s Firms by Cutting Subsidies
Trump says he won’t ‘destroy’ Musk’s companies by taking away subsidies President Donald Trump said he does not want to “destroy” Elon Musk’s companies by taking away their U.S. government subsidies. In June, the president threatened to cut some of those contracts as two clashed over a major tax spending bill. Trump’s response comes as the pair have continued a war of words that began with Musk’s opposition to the “Big Beautiful Bill.”
“I Want Elon To THRIVE” Trump Says, Dismissing Rumors He’s Seeking To Harm Musk’s Companies
This post was republished with permission from Zero Hedge Today former President Donald Trump denied accusations that he plans to harm Elon Musk’s companies, such as Tesla and SpaceX, by cutting off federal support. Responding to recent speculation, Trump posted on Truth Social: “Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government. This is not…
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