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  • 7/1/2025
President Donald Trump suggested that the federal government investigate the subsidies received by Elon Musk’s companies, arguing that the country could save a substantial amount of money, according to Reuters. Trump’s comments were posted on Truth Social and reignited a feud with Musk, who had sharply criticized the GOP tax-cut and spending bill. Trump claimed Elon Musk may have received more government subsidies than anyone in history and suggested Musk's companies couldn't operate without them. He proposed that the Department of Government Efficiency investigate the subsidies, arguing it could save the country a large amount of money. In response to Trump’s post, Musk wrote on X that he supports cutting all government subsidies. The Department of Transportation oversees vehicle design and would likely influence Tesla's robotaxi plans, while SpaceX holds roughly $22 billion in federal contracts.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump suggested the federal government investigate the subsidies received
00:06by Elon Musk's companies, arguing that the country could have a substantial amount of
00:09money, according to lawyers. Trump's comments were posted on True Social and reignited a
00:13feud with Musk, who had sharply criticized the GOP tax cut and spending bill. Trump claimed
00:18Elon Musk may have received more government subsidies than anyone in history, suggesting
00:22Musk's companies could operate without them. He proposed that the Department of Government
00:26Efficiency investigate the subsidies, arguing it could save the country a large amount
00:30of money. In response to Trump's post, Musk wrote an act that he supports cutting all
00:34government subsidies. The Department of Transportation oversees vehicle design and would likely influence
00:39Tesla's robo-taxi plans, while SpaceX holds roughly $22 billion in federal contracts.
00:44For all things money, visit Benzinga.com.

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