Trump suggests reviewing Elon Musk's subsidies to save money
US President Donald Trump proposed examining the subsidies received by Tesla CEO Elon Musk's companies to cut federal spending. Musk criticized Trump's tax-cut and spending Bill, calling for all subsidies to be cut. The debate has caused tension between the two, impacting Tesla's stock value.
US President Donald Trump suggested that his efficiency department should review the subsidies received by Tesla CEO Elon Musk's companies to save the federal government money. Trump's comments came after Musk criticized Trump's tax-cut and spending Bill, threatening to unseat lawmakers who supported it. Trump proposed that without subsidies, Musk might have to close his businesses, leading to significant savings for the country. Musk responded by calling for cutting all subsidies. He criticized lawmakers who backed the Bill, vowing to ensure they lose in the next primary elections. Musk also advocated for a new political party, expressing concern over the country's spending practices. This disagreement between Musk and Trump has strained their relationship, impacting Tesla's stock value.
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