US Edition
Trump Threatens Subsidy Cuts, Audit of Musk's Companies
UNITED STATES, JUL 3 – Trump targets Elon Musk's Tesla and SpaceX subsidies amid Musk's threats to fund challengers against Republicans supporting a $3.3 trillion tax and spending bill, risking $150 billion in Tesla's market value.
- On Monday, President Donald Trump proposed that DOGE review subsidies to Elon Musk's companies to cut costs and escalate their feud.
- In 2025, Musk criticized the $5 trillion debt ceiling increase and vowed to fund opponents of Republican lawmakers supporting the bill, prompting Trump to suggest a subsidy review.
- A Washington Post analysis shows Musk's companies received $38 million in federal support, while Tesla's market value dropped $150 billion amid regulatory concerns.
- Following Trump's call to review Musk's subsidies, Tesla shares dropped over 6%, raising GOP fears about midterm prospects.
- Trump's call to review Musk's companies risks delaying robotaxi tests in Texas and may impact Republican prospects in the 2026 midterm elections.
515 Articles
515 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 …
President Trump wants to slash subsidies for small airports across rural America
More than 180 airports in rural areas across the U.S. benefit from federal funding that guarantees commercial air service. That program might lose half its funding due to Trump administration cuts.
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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 …
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