š„ Trump vs. Musk: A Subsidy Showdown
1. Trump targets Muskās āsubsidy empireā
President Trump has launched the new āDOGEā (Department of Government Efficiency) to investigate federal subsidies awarded to Elon Muskās venturesāTesla, SpaceX, and related entities. He claims Musk receives more subsidies than anyone in history, and asserts that without them, Muskās empire would collapse .
On Truth Social, Trump fumed:
> āElon may get more subsidy than any human in history. Without it, heād have to shut shop!ā
2. Musk counters on policy and politics
Musk retaliated via X (formerly Twitter), labeling Trumpās āOne Big Beautiful Billā as āinsane spendingā, vowing to unseat Congress members who supported it. He even teased starting a new political vehicleāthe āAmerica Partyā .
He lambasted the bill for ballooning the U.S. deficit while slashing EV tax credits that benefit Tesla .
3. Stakes are financial and political
This feud has pressured markets: Tesla shares dropped 6ā7āÆ% after the conflict resurfaced , while Bitcoin experienced downward volatility as risk appetite waned .
Trump even floated using government powers to review Muskās subsidies and immigration status .
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ā Bottom Line
Trumpās strategy: wield political power and audit muscle to reduce Muskās federal support, positioning Musk as overly dependent on Washington.
Muskās strategy: convert his outspoken criticism into political forceāthreatening defeats in Congress and forming a new party to influence policy.
This feud isnāt just headline fodderāitās shaking markets, influencing policy around EV incentives, and setting the stage for a high-stakes power play as both men fortify their political influence.
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