US Edition
Trump Threatens Subsidy Cuts, Audit of Musk's Companies
- On Tuesday, Trump urged DOGE to review subsidies for Musk's companies to cut federal spending.
- Following Musk's criticism, the Senate narrowly passed Trump's 'Big Beautiful Bill,' a major tax-and-spending legislation.
- Tesla shares declined 6% premarket after Trump warned Musk could close shop without subsidies, citing potential review of support to save federal money.
- Following Trump’s threats to end subsidies and deport Musk, Tesla’s stock tumbled further amid escalating tensions.
- Beyond market reactions, the feud risks damaging GOP prospects in the 2026 midterm elections, signaling a broader realignment among US political and economic elites.
513 Articles
513 Articles
Within the framework of the White House offensive against naturalized citizens, the president of the United States slid that he could deport the South African tycoon. In the streaming program of La Tercera, 'From the Editor', the editor of Mundo, Fernando Fuentes, related the discord between the former allies: from Musk's rejection of Trump's tax cut project, to the threat that the government would cut subsidies to the companies of the owner of …
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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.Earlier this week I pointed out that even as Republicans were trying to hurry up and ram the most corrupt legislation in history through the House and Senate, Donald Trump was busy announcing plans for a new prison surrounded by shark…
Elon Musk's Subtle Response to Trump's Deporation Hint Ignites Social Media - Real News Now
In a fresh chapter of the ongoing dispute between business magnate Elon Musk and U.S. President Donald Trump, Musk has recently offered an intensely debated response to Trump’s hinted action of deportation against him. The said confrontation appears to have been fueled anew in light of Musk’s critique on the president’s notable proposed legislation, oftentimes referred to as the ‘grand, admirable bill’. Trump, in a retort, suggested considering …
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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