Elon Musk hit again at President Trump’s declare that he didn’t need to strip the mogul’s firms of his authorities subisidies.
Trump seemingly prolonged an olive department after the general public falling out between the 2 by denying experiences that he had it out for Musk.
“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 U.S. Government. This is not so!” Trump wrote on Reality Social on Thursday.
“I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!”
Shortly afterward, Musk posted a pointed rebuttal on X, writing: “The ‘subsidies’ he’s talking about simply do not exist.”
He added that Trump “has already removed or put an expiry date on all sustainable energy support while leaving massive oil & gas subsidies untouched.”
“SpaceX won the NASA contracts by doing a better job for less money. Moving those contracts to other aerospace companies would leave astronauts stranded and taxpayers on the hook for twice as much!” Musk wrote.
Final week, the Wall Avenue Journal reported that the Trump administration initiated a overview of presidency contracts with Musk’s firms — although officers reportedly decided that canceling these offers weren’t possible on account of their significance to nationwide safety.
Authorities assist has been instrumental within the development and scale of Musk’s ventures.
His firms have secured over $38 billion in authorities funding since 2007, in line with public information and contract knowledge, with practically two-thirds of that quantity awarded prior to now 5 years.
The assist spans federal, state, and native ranges and contains contracts, subsidies, tax incentives and regulatory benefits.
SpaceX, Musk’s aerospace agency, is the most important recipient, benefiting from billions in NASA and Division of Protection contracts.
The US Area Pressure lately awarded SpaceX a $5.9 billion contract for rocket launches and satellite tv for pc operations by way of 2029. NASA has awarded SpaceX roughly $15 billion in contracts for cargo and crewed missions as of 2025.
Starlink, the satellite tv for pc web supplier below SpaceX, secured $6 billion in federal contracts between 2022 and 2023 to broaden broadband entry for rural and navy customers.
Tesla has obtained greater than $11 billion in regulatory credit and authorities incentives. The $7,500 federal electrical car tax credit score alone is value an estimated $1.2 billion yearly to Tesla as of 2025.
As well as, state and native governments have contributed a minimum of $1.5 billion in grants and tax breaks for Tesla factories and battery improvement, primarily in California, Nevada and Texas.
xAI, Musk’s synthetic intelligence firm, was awarded a $200 million Division of Protection contract in July 2025 to develop AI applied sciences for nationwide safety and scientific use.
Musk and Trump’s alliance unraveled after the Tesla CEO criticized Trump’s sweeping tax and spending legislation, referred to as the “Big Beautiful Bill,” calling it a “disgusting abomination” and warning it will exacerbate the nationwide debt.
Final month, Trump expressed disappointment and instructed reconsidering authorities contracts for Musk’s firms.
Musk fired again on social media, referencing allegations linked to Trump’s look within the Jeffrey Epstein recordsdata.
The feud spiraled from there, with Trump publicly attacking Musk’s character and Musk floating the thought of forming a brand new political celebration.
