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President Donald Trump said yesterday he would not destroy Elon Musk’s companies by taking away federal subsidies and that he wants the billionaire tech-entrepreneur’s businesses to thrive.
“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. This is not so!,” Trump said in a social media post. “I want Elon, and all businesses within our Country, to THRIVE.”
Trump’s statement follows a public clash with his former close ally on June 5 over his tax bill.
Musk warned Tesla investors on Wednesday that US government cuts in support for electric vehicle makers could lead to a “few rough quarters” for the company.
A week after the spat in June, Reuters reported the White House had directed the Defence Department and NASA to gather details on billions of dollars in SpaceX contracts to ready possible retaliation against the businessman and his companies.
Musk spent more than a quarter of a billion dollars to help Trump win November’s presidential election and led the Department of Government Efficiency’s chaotic effort to slash the budget and cut the federal workforce.
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