- President Trump dismissed rumors that he would revoke federal subsidies for Elon Musk’s companies.
- He posted on Truth Social, clarifying he wants all American businesses, including Tesla, to thrive.
- Trump called for national prosperity through successful business innovation.
The Big Picture
U.S. President Donald Trump on Thursday firmly denied speculation that his administration is preparing to cut federal subsidies benefiting Elon Musk’s companies, including Tesla and SpaceX. In a post on Truth Social, Trump emphasized his desire to see Musk and other American enterprises succeed for the betterment of the nation.
What Trump Said
“Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large-scale subsidies he receives from the U.S. Government. This is not so!” Trump wrote. “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before! The better they do, the better the USA does, and that’s good for all of us.”
Background
Trump and Musk have had a turbulent relationship in recent years. While Musk was once a member of Trump’s advisory council, the two later exchanged public criticisms. Recent reports suggested Trump might retaliate by targeting Musk’s companies through cuts in electric vehicle and clean energy subsidies—claims Trump now denies.
What’s Next?
As Trump continues his 2025 campaign focused on economic growth and national resurgence, this latest statement appears to realign his stance with major American innovators. Whether this marks a political thaw between Trump and Musk remains to be seen, but for now, the president is signaling open support for U.S. businesses of all sizes.
Federal Judge Blocks DOJ Attempt to Unseal Epstein Grand Jury Records
Follow Virginia Times for regular news updates. Stay informed with the latest headlines, breaking stories, and in-depth reporting from around the world.
A global media for the latest news, entertainment, music fashion, and more.
