U.S. President Donald J. Trump has clarified his recent comments regarding government subsidies given to Elon Musk’s companies, stating that he does not want to harm Musk or any American business. Instead, he emphasized his desire to see all U.S. companies grow and succeed.
“Everyone is saying I will destroy Elon’s companies by taking away subsidies. This is not true,” President Trump wrote in a post on his platform, Truth Social. “I want Elon, and all businesses in our country, to thrive—in fact, thrive like never before!”
Trump stressed that the stronger American companies become, the better it is for the country as a whole. “The better they do, the better the USA does, and that’s good for all of us. We are setting records every day, and I want to keep it that way,” he said.
Earlier Remarks Sparked Concern Over Potential Cuts
This statement comes just weeks after President Trump publicly questioned the scale of federal subsidies received by Elon Musk’s businesses—namely Tesla and SpaceX. In early July, amid a growing dispute over tax policy, Trump suggested that the Department of Government Efficiency (DOGE) review the subsidies as part of a broader cost-cutting effort.
“Elon may get more subsidy than any human being in history, by far,” Trump said at the time. “Without 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. Perhaps we should have DOGE take a good, hard look at this? BIG MONEY TO BE SAVED!!!”
Tensions Between Trump and Musk Grow
The remarks were seen as a major shift in tone, given that Trump and Musk were once considered allies on business and innovation. However, their relationship has cooled in recent months amid disagreements over policy, taxes, and Trump’s re-election campaign strategies.
While Musk has not responded directly to the latest clarification, analysts say the back-and-forth has created uncertainty around the future of federal support for clean energy and space tech companies.
Final Word
President Trump’s latest comments appear aimed at easing fears in the business world. While he had previously floated the idea of slashing federal subsidies, his recent statement suggests that his priority remains boosting economic growth. For now, his administration says no formal action has been taken against Musk’s companies—but the issue remains under close watch.
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