Trump Says He Won’t Destroy Elon Musk’s Companies Amid Subsidy Clash

 

On July 24, President Donald Trump clarified that he has no intention of harming Elon Musk’s companies by removing federal subsidies, stating he wants the billionaire’s businesses to “thrive.” The statement followed tensions after Musk criticized Trump’s tax policies and launched a new political party.

“Everyone is stating that I will destroy Elon’s companies... This is not so!” Trump wrote on social media. Meanwhile, Musk countered on X, claiming the subsidies Trump referred to “do not exist,” noting that SpaceX earned NASA contracts through cost-effective performance.

Despite Musk’s past calls to end subsidies, companies like Tesla have historically benefited from U.S. tax credits. New India Abroad continues to track this evolving political-business dynamic.

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