1 day ago
Last Updated:July 24, 2025, 19:33 IST
Donald Trump pledged to maintain federal subsidies for Elon Musk's companies in a post on Truth Social.
US President Donald Trump and billionaire Elon Musk. (Reuters/File)
US President Donald Trump appeared to dial down tensions with tech billionaire Elon Musk, declaring in a post on his social media platform Truth Social that he does not intend to revoke federal subsidies for Elon Musk’s companies.
“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!" Donald Trump wrote, adding, “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before! The better they do, the better the USA does, and that’s good for all of us."
The post comes just weeks after Donald Trump threatened to cut off billions of dollars in government support to Elon Musk’s ventures- including Tesla and SpaceX. The two high-profile figures, once perceived as allies, have experienced a turbulent relationship marked by occasional praise and sharp public jabs. Their rift came after Elon Musk’s departure from the Department of Government Efficiency (DOGE).
Donald Trump concluded his post by reaffirming his optimistic economic outlook, as he asserted “We are setting records every day, and I want to keep it that way!"
view commentsLocation :Washington D.C., United States of America (USA)
First Published:News world Trump Walks Back Threats To Elon Musk: 'I Want Him To THRIVE Like Never Before'
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