Donald Trump: Everyone is saying I will Destroy Elon Musk’s companies, but this is not so, I want Elon to …
President Donald Trump has publicly refuted claims that he intends to destroy Elon Musk‘s companies or remove their significant government subsidies. He stated that he wants all US companies to thrive because their good performance is better for the country. Trump’s denial comes soon as a war of words between the two figures continues to escalate.“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 US Government,” Trump stated in a post on Truth Social.“This is not so! I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!,” he noted, adding, “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 stated.
Elon Musk opposed Trump’s “One, Big Beautiful Bill”
Trump’s statement addresses ongoing speculation fueled by a public spat with Musk. The ‘problems’ between the pair reportedly began with Musk’s opposition to a major spending bill – “One, Big Beautiful Bill” – pushed forward by the President. The dispute intensified when the Tesla CEO brought up Trump’s past association with convicted sex offender Jeffrey Epstein.In June, Trump had threatened to cut some of Musk’s government contracts as their disagreement over the “Big Beautiful Bill” deepened and their relationship visibly soured. This marked a shift, as Musk had previously chaired the president’s Department of Government Efficiency and had contributed millions to Trump’s re-election campaign.
Musk says Tesla is facing a ‘few rough quarters’
On Wednesday (July 24), during a second-quarter earnings call, Musk indicated that Tesla could face “a few rough quarters” due to upcoming tariff costs and the expiration of federal electric vehicle benefits at the end of September.Earlier the same day, White House press secretary Karoline Leavitt had also suggested that the current administration was not keen on federal agencies collaborating with Musk’s artificial intelligence startup, xAI.
