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Trump Pledges to End EV Aid for Tesla; Musk dismisses threat off
By Neelesh Pandey - 01 Jul 2025 01:51 PM
Donald Trump threatened to end subsidies for Elon Musk’s companies, including Tesla and SpaceX. Musk, a former adviser to Trump, responded by calling for an end to all subsidies. Trump also suggested Musk might leave the U.S. without government support.
Former U.S. President Donald Trump responded by attacking Musk’s stance, claiming his businesses depend on federal subsidies. He suggested that without government support, Musk might leave the U.S. and shut down operations. Trump also questioned the purpose of the government office Musk once led and hinted it should investigate Musk’s companies. Musk responded shortly after, saying the Republican leader should follow through on his threat and cut the subsidies given to his companies. "I am literally saying CUT IT ALL. Now," the tech mogul wrote in a post on X.
Elon Musk, who once served as an adviser during Trump’s presidency, responded by saying he supports ending all subsidies to his businesses. He emphasized that he doesn't rely on government aid and believes the companies should stand on their own.
In a social media post, Trump said he had always opposed mandates for electric vehicles and accused Musk of benefiting more from government aid than anyone else. He argued that stopping federal support for rockets, satellites, and electric cars could save billions.
As the Senate moved ahead with voting on Trump's $4.5 trillion bill—which would extend tax cuts and tighten border control—Musk criticized Republicans for supporting what he called "debt slavery." He warned that the rising national debt puts the country at risk and questioned the logic of raising the debt ceiling repeatedly.
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