Elon Musk has responded sharply after former President Donald Trump suggested that his businesses would continue to benefit from government subsidies. “The ‘subsidies’ he’s talking about simply do not exist,” Musk posted on X, challenging Trump’s claim directly. www.naijnaira.com reports.
Trump’s comment came after months of rising tension between the two. Business Insider reported that Musk pushed back against claims of financial favoritism, noting that many clean energy incentives were already cut or given expiration dates, while fossil fuel subsidies remained untouched.
Musk’s Tesla recently warned investors that losing the $7,500 EV credit under Trump’s “One Big Beautiful Bill” could hit US sales hard. “We have a limited supply of vehicles in the US this quarter,” said CFO Vaibhav Taneja. Musk added that SpaceX wins contracts based on performance, not politics. “We’re doing a better job for less money,” he said. He warned that giving SpaceX’s work to rivals could double taxpayer costs and endanger missions.
Their public rift began in June, when Musk criticized Trump’s tax bill, prompting Trump to threaten contract cuts. “I am literally saying CUT IT ALL. Now,” Musk replied. Still, Tesla’s stock has fallen 24% this year amid political and market pressures.
Article updated 21 hours ago. Content is written and modified by multiple authors.
