US Edition
Trump Threatens Subsidy Cuts, Audit of Musk's Companies
- President Donald Trump and Elon Musk reignited their public feud on Tuesday over Trump's proposed budget bill affecting Musk's subsidies.
- The dispute arose because Trump's bill aims to rollback green energy tax credits and electric vehicle incentives that benefit Musk's companies.
- Trump warned Musk might lose subsidies essential for Tesla and SpaceX, suggesting Musk could be forced to close his businesses and leave the US.
- Following Trump's comments, Tesla stock dropped nearly 5% pre-market, while Musk posted, “I am literally saying CUT IT ALL,” criticizing government spending.
- This feud has led Musk to threaten a new political party opposing both major parties, indicating continued political conflict and market uncertainty ahead.
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393 Articles
393 Articles
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Center
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Right
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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.
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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Musk and Trump are fighting (again) over the ‘Big, Beautiful Bill’
Elon Musk has taken aim at President Donald Trump’s signature piece of legislation known as the “Big, Beautiful Bill.” Musk opposes the multi-trillion-dollar debt increase the bill would bring. Trump fired back, claiming Musk gets “more subsidy than any human being in history” from the US government.
·Atlanta, United States
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Coverage Details
Total News Sources393
Leaning Left69Leaning Right70Center90Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 30%
C 39%
R 31%
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