Tensions between President Trump and Elon Musk flared dramatically on Thursday, with Trump hinting that he may cut off significant federal funding to Musk’s businesses. The escalating feud came as the president reacted to mounting criticism from Musk over a cornerstone legislative proposal.
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!” Trump posted on Truth Social, making a not-so-subtle reference to the extensive government partnerships enjoyed by Musk’s companies.
The sharp remark came in response to Musk’s increasingly vocal opposition to the administration’s latest legislation, a comprehensive bill that includes several of Trump’s signature economic initiatives. Musk had been a key supporter of Trump’s 2024 campaign and a guiding force behind his Department of Government Efficiency before their relationship soured.
Musk’s enterprises—chiefly Tesla and SpaceX—maintain numerous federal connections, including lucrative contracts tied to the Starlink satellite internet program, government-sponsored space missions, and electric vehicle subsidy programs.
Those very EV incentives are among the programs targeted for cuts in the “One Big Beautiful Bill Act,” the legislative vehicle Trump is using to implement tax reductions on overtime pay, tips, and Social Security income.
Musk, for his part, has dismissed the bill as fiscally irresponsible, warning that it would exacerbate the national deficit.
{Matzav.com}