Trump threatens to cut ‘Billions and Billions of Dollars’ in federal funding for Elon Musk’s
By Steven Nelson
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!” Trump wrote on Truth Social.
President Trump and Elon Musk sitting in a red Tesla.
Trump bought a Tesla from Musk at the White House in March, when the pair were on better terms.
Getty Images
Trump issued the thinly veiled threat after Musk, the president’s top financial backer in 2024 and his ex-Department of Government Efficiency inspiration, attacked pending legislation that contains many of the Republican’s key campaign pledges.
The Tesla and SpaceX CEO’s firms have wide-ranging relations with federal agencies, including for Starlink internet service, pricey space mission and electric vehicle subsidies.
The EV subsidies are already targeted in Republicans’ One Big Beautiful Bill Act, the vehicle through which Trump hopes to deliver on commitments to slash taxes on overtime, tips and Social Security benefits.
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Musk has denounced the bill as wasteful and likely to add to the national debt.
This is a developing story. Please check back for updates.
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