Donald Trump’s former lawyer, Michael Cohen, recently said on MSNBC that Trump could soon target Elon Musk’s wealth. According to Cohen, it annoys Trump that Elon is the richest man in the world, and he might now try to “go after Elon’s money.”
Cohen claimed Trump once “used” Musk for his own gain, but now he may try to turn the tables. One possible move? Using the Department of Government Efficiency (DOGE)—which Musk was once part of—to investigate and maybe cancel Tesla’s EV tax credits (like the $7,500 credit per car).
🔍 What Could Really Happen
Reuters reports that Trump has talked about cutting all government support for Musk, including the $22 billion in federal contracts his companies (Tesla and SpaceX) have. Trump even joked that DOGE might need to “eat Elon” to save money.
There’s also tension because Musk has criticized Trump’s policies. Trump reportedly told him to “go back to South Africa,” despite Musk being a U.S. citizen. Some fear Trump might even try to use government agencies like the IRS to go after Musk’s businesses.
$BNB ⚖ What It Means
If Trump becomes president again, he might:
$ERA Push for audits of Tesla’s tax credits or subsidies
Try to cancel or delay federal contracts with Musk’s companies
Order investigations into Musk under claims of fraud or waste
But for now, it’s unclear whether these threats are real or just political talk. Still, it’s something investors and followers of Tesla and SpaceX should keep an eye on.
✅ In Short
Michael Cohen believes Trump’s jealousy of Musk’s wealth could lead to serious actions. What started as a working relationship might now become a political battle. Keep watching for any audits, canceled contracts, or big statements from Trump about Musk or DOGE—things could get interesting.
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