DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Trump threatens Musk’s subsidies and contracts in latest social media spat

July 1, 2025
in News, Politics
Trump threatens Musk’s subsidies and contracts in latest social media spat
494
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Hell hath no fury like a social media platform-owning billionaire scorned.

In another round of late-night jabs between Donald Trump and Elon Musk, the U.S. president suggested that Tesla magnate’s government subsidies and contracts could come under threat.

“Elon may get more subsidies 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 wrote on his Truth Social website.

Trump went on to suggest that the DOGE initiative, or Department of Government Efficiency, which Musk was instrumental in setting up, could be turned against the world’s richest man.

“No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this?” the president wrote. 

According to an estimate by the Washington Post, Musk and his businesses have received at least $38 billion in government contracts, loans, subsidies and tax credits over the years. 

Trump and Musk started the year with effusive mutual praise and months of shared photo opportunities, before the relationship apparently soured last month over differences in opinion over government debt. The two now regularly goad each other online.

In response, Musk wrote on his own social media platform, X: “I am literally saying CUT IT ALL. Now.”

The latest social media fight follows Musk’s renewed criticism of Trump’s signature “big, beautiful bill,” which is currently struggling to gain enough Republican support to pass the Senate.

Musk says the bill will balloon the U.S. national debt. On Monday, he threatened to unseat lawmakers who campaigned on reducing the deficit but will vote for it. He has also floated the idea of starting a new party if the bill passes.

The nonpartisan Congressional Budget Office estimates that the bill would increase federal deficits by about $2.4 trillion over the next decade.

The post Trump threatens Musk’s subsidies and contracts in latest social media spat appeared first on Politico.

Share198Tweet124Share
Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks a 50-50 tie
News

Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks a 50-50 tie

by WHNT
July 1, 2025

WASHINGTON (AP) — Senate Republicans hauled President Donald Trump’s big tax breaks and spending cuts bill to passage Tuesday on ...

Read more
Middle East

Israel at a crossroads as Netanyahu prepares to meet Trump

July 1, 2025
News

Apple CEO Tim Cook says these 6 books shaped him

July 1, 2025
Football

Ohio governor signs 2-year, $60 billion budget that includes funding for football stadium

July 1, 2025
News

Officials respond to concerns over Big Bear 4th of July fireworks show

July 1, 2025
Kathy Hochul’s Chances of Losing New York Governor Election: Polls

Kathy Hochul’s Chances of Losing New York Governor Election: Polls

July 1, 2025
Major reports about how climate change affects the US are removed from websites

Major reports about how climate change affects the US are removed from websites

July 1, 2025
Businesses are scrambling to keep themselves safe against AI’s evolving threats

Businesses are scrambling to keep themselves safe against AI’s evolving threats

July 1, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.