Trump Threatens to Reconsider Elon Musk's Government Support Over GOP Bill Criticism

President Donald Trump threatened to re-examine government support for Elon Musk's businesses, citing potential savings. Trump suggested that Musk receives significant subsidies and without them, his businesses might struggle. The feud between Trump and Musk escalated with Trump questioning the subsidies and Musk reposting graphics on the national debt. Musk responded by hinting at escalating the situation but refrained for the time being.

Musk criticized a GOP bill, suggesting the formation of a new political party if it passes. He warned lawmakers of potential consequences for voting on the bill. Musk's companies, SpaceX and Tesla, benefit from government contracts and subsidies. The market reacted with a drop in Tesla shares. Treasury Secretary Bessent downplayed Musk's criticism, focusing on financial matters.

Trump and Musk have a history of public disputes, with Trump previously threatening to end government support for Musk's companies. Musk's criticism of the bill comes at a crucial time for congressional Republicans. The bill, if passed, could significantly increase the national debt and lead to millions losing health insurance due to Medicaid cuts.

According to the source: NBC News.