{"id":41208,"date":"2025-07-01T11:35:03","date_gmt":"2025-07-01T11:35:03","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/01\/trump-targets-musks-subsidies-amid-escalating-feud-over-big-beautiful-bill\/"},"modified":"2025-07-01T11:35:03","modified_gmt":"2025-07-01T11:35:03","slug":"trump-targets-musks-subsidies-amid-escalating-feud-over-big-beautiful-bill","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/01\/trump-targets-musks-subsidies-amid-escalating-feud-over-big-beautiful-bill\/","title":{"rendered":"Trump targets Musk\u2019s subsidies amid escalating feud over \u2018Big Beautiful Bill\u2019"},"content":{"rendered":"
<\/div>\n

US President Donald Trump on Tuesday escalated his ongoing feud with Elon Musk by suggesting that the Department of Government Efficiency (DOGE) should investigate the subsidies awarded to Musk\u2019s companies, arguing it could save taxpayers \u201ca fortune.\u201d<\/p>\n

The remarks followed renewed criticism from Musk, the world\u2019s richest man, who over the weekend condemned Trump\u2019s sweeping tax-and-spend legislation. <\/p>\n

Musk accused lawmakers of betraying their fiscal conservative platforms and vowed to unseat those who supported the bill.<\/p>\n

\u201cElon may get more subsidy than any human being in history, by far,\u201d Trump wrote on Truth Social. <\/p>\n

\n

\u201cWithout subsidies, Elon would probably have to close up shop and head back home to South Africa. No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE.\u201d<\/p>\n<\/blockquote>\n

Trump added that the federal government \u201cshould have DOGE take a good, hard, look at this,\u201d referring to the Department of Government Efficiency \u2014 a relatively obscure entity within the executive branch, recently thrust into the spotlight due to Musk\u2019s own past involvement in its cost-cutting initiatives.<\/p>\n

Tesla shares dropped 5% in Frankfurt trading following Trump\u2019s post, as the public dispute reignited concerns over the stability of Musk\u2019s relationship with federal agencies and potential disruptions to government contracts.<\/p>\n

Musk warns of consequences<\/h2>\n

Musk responded swiftly on his platform X, formerly Twitter, saying: \u201cI am literally saying CUT IT ALL. Now.\u201d<\/p>\n

Musk, whose companies include Tesla, rocket and satellite company SpaceX, and Starlink, has repeatedly criticized Trump\u2019s tax-and-spending bill. <\/p>\n

On Monday, he said lawmakers who voted for the measure \u201cshould hang their heads in shame!\u201d and threatened electoral consequences: <\/p>\n

\u201cThey will lose their primary next year if it is the last thing I do on this Earth.\u201d<\/p>\n

He also renewed his call for the formation of a new political faction, dubbing the existing bipartisan consensus \u201cthe PORKY PIG PARTY!!\u201d and accusing both parties of abandoning fiscal discipline.<\/p>\n

SpaceX has secured an estimated $22 billion in federal contracts<\/a>, many of which are long-term agreements with NASA and the US Department of Defense<\/a>. <\/p>\n

Trump\u2019s threat to scrutinize or cut these subsidies could have direct implications for the company\u2019s future operations.<\/p>\n

The earlier phase of the Trump-Musk conflict in June<\/a> triggered a record $150 billion decline in Tesla\u2019s market value in a single trading day, marking the sharpest one-day loss in the company\u2019s history. <\/p>\n

While the stock has since recovered, the renewed tensions have introduced fresh uncertainty.<\/p>\n

The bill is causing unease<\/h2>\n

Trump\u2019s latest comments come amid growing Republican unease over the internal rift, particularly with midterm congressional elections looming in 2026. <\/p>\n

Musk, who previously donated nearly $300 million to Trump\u2019s re-election campaign and played a prominent role in the DOGE initiative, now appears to be an unpredictable variable.<\/p>\n

Although Musk\u2019s actual influence on legislative outcomes remains uncertain, his public attacks are viewed as a potential distraction for Republicans attempting to maintain their congressional majority. <\/p>\n

His sharp U-turn on Trump\u2019s spending policies \u2014 after years of alignment \u2014 highlights the growing fault lines between the party\u2019s pro-business wing and its populist leadership.<\/p>\n

As of now, there is no indication that DOGE has launched any formal review of Musk\u2019s federal support. <\/p>\n

The post Trump targets Musk\u2019s subsidies amid escalating feud over ‘Big Beautiful Bill’<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

US President Donald Trump on Tuesday escalated his ongoing feud with Elon Musk by suggesting that the Department of Government Efficiency (DOGE) should investigate the subsidies awarded to Musk\u2019s companies, arguing it could save taxpayers \u201ca fortune.\u201d The remarks followed renewed criticism from Musk, the world\u2019s richest man, who over the weekend condemned Trump\u2019s sweeping <\/p>\n","protected":false},"author":1,"featured_media":41209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-41208","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=41208"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/41209"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=41208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=41208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=41208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}