In an explosive clash between political power and tech titan flair, U.S. President Donald Trump warned on Tuesday that his administration might slash subsidies for Tesla, a move he claims could save the country a fortune. On his social platform, Truth Social, Trump remarked, "Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa."
Trump continued with a light-hearted yet pointed jab, suggesting that without these subsidies, there would be no more rocket launches, satellites, or electric car production. His cheeky nod to DOGE added an extra layer of pop culture flair 🚀💰.
Not to be outdone, Elon Musk fired back on his platform X, warning, "Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth." Musk’s stern words come as he supports Republican Congressman Thomas Massie of Kentucky, after Trump targeted him for voting against the bill.
The debate centers on a contentious spending bill that would raise the debt ceiling by $5 trillion and eliminate key electric vehicle tax credits—up to $4,000 for a used EV and $7,500 for a new one—which could cost Tesla an estimated $1.2 billion, according to JPMorgan Chase. As the political showdown heats up, both lawmakers and business leaders are bracing for the potential fallout of policies that could reshape innovation and job markets across the country.
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Trump threatens Tesla subsidies as Musk slams 'big, beautiful bill'
cgtn.com
