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Trump Suggests DOGE to Cut Subsidies of Elon Musk’s Companies

Tiger Newspress07-01

US President Donald Trump on Tuesday (Monday night in US) hit back at billionaire Elon Musk warning that without subsidies from the American government, the Tesla CEO would "probably headback home to South Africa.

In a post on Truth Social, Trump said, "Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate. It is ridiculous, and was always a major part of my campaign. Electric cars are fine, but not everyone should be forced to own one.

"Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa. No more Rocket launches, Satelites, or Electric Car Production, and our Country would save a FORTUNE, Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!" Trump added.

Tesla stock sank over 6% in overnight trading.

Musk said "Cut It All. Now", in response to Trump post saying DOGE should look at subsidies Musk's companies receive.

Musk also siad “What’s The Point Of A Debt Ceiling If We Keep Raising It?“

This comes after Musk strongly doubled down on his distaste for president Trump's "big, beautiful bill,"calling it "political suicide for the Republican Party."

Musk also threatened to launch a new political party if the bill gets passed in the us Senate. "If this insane spending bill passes, the America Party will be formed the next day. Our country needs analternative to the Democrat-Republican uniparty so that the people actually have a VOICE," he said inanother post.

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Comment15

  • FredTeo
    ·07-02
    $Tesla Motors(TSLA)$  Another week..another cycle of toying w the market..there's money to be made either way they play it.
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  • Shelly k
    ·07-01
    Huh that trump(TACO) play out Elon...Elon helped him so much and in return play him out..I hope Elon can form another political party as he has the capabilities...
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  • $Tesla Motors(TSLA)$  if musk form a party, what he can do? USA without satellites, affect NASA operation, good chances for other countries to attack it. Musk will do anything, including shut off all satellites. 
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  • Guavaxf30
    ·07-01
    A sitting President and the so-called richest man in the world. Both showing they are immature kids who do not deserve what they have.  How embarrassing to see this unravel before our eyes. What do we tell our kids? How do we explain this?
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  • Jas2davir
    ·07-01
    Well well well, what did I say last news cycle. Lo and behold it came true. 
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  • $Tesla Motors(TSLA)$  this ego dip will bounce back off greed support. Elon will blink. Trump will capitulate. Buy the taco dip. Tesla back to 320 within the week.
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  • iRW
    ·07-01
    This pure manipulation. Trump is putting a show to boost Tesla after all the DODG drama. New week they'll be best friends. 
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  • limzihao03
    ·07-01
    all in inverse tesla. lets go!
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  • 3nn
    ·07-01
    This time something else is cooking. These 2 won't put up a show for nothing and trucker expects everyone to think that they are just being drama queens like the previous incident but there's where most will go wrong
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  • Rabbitroar
    ·07-01
    Share your opinion about this news…
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  • Pablo_Chua
    ·07-01
    $Tesla Motors(TSLA)$  Gasoline Cars Oil &Gas  paymasters have deeper pocket than EV  so obviously Trump is siding with them no brainier 
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    • Jas2davir
      Not only that, RKLB can be a cheaper alternative to SpaceX and may get the grants that SpaceX currently has.


      Furthermore, entry level for EV for missile income is not cheap compared to buying a gasoline car.
      07-01
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  • America cannot do without Tesla , so buy the dip!!
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  • Moreau360
    ·07-01
    This could be just another opportunity to get into TSLA! the next thing u know, they'll be best buddies again. It's all a show folks. 
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  • Aivern
    ·07-01
    2 babies fighting over grants. Both petty as hell, I hope this continues and they dont make up ever.
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  • Shnleoken
    ·07-01
    Share your opinion about this news…
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