While talking to U.S. President-elect Donald Trump, Elon Musk watched the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas on November 19, 2024.
Brandon Bell | Getty Images News | Getty Images
Shares Tesla President Donald Trump was under pressure Tuesday after he said in a late-night social media post that the federal government should consider reducing subsidies for Elon Musk.
“Elon may have received more subsidies than anyone in history, and without subsidies, Elon may have had to close stores and return to his home in South Africa. There are no more rocket launches, satellites or electric car production, and our country can save everyone. postal explain.
“Doge” refers to the so-called Ministry of Government Efficiency, Musk’s early leadership in the Trump administration before leaving the government Late May
Tesla shares fell more than 5% on Tuesday. Some of Musk’s other adventures, including SpaceX and Starlink, rely heavily on government policies.
Tesla’s stock was under pressure Tuesday morning.
Trump seemed to reiterate his ideas in a conversation with reporters Tuesday morning to reduce subsidies.
“He was upset that he lost his EV mission … but he could tell you that he could lose more. Elon could lose a lot of money.”
Musk, who ran against Trump in 2024, has publicly criticized the tax and spending bill. The bill appears to be aimed at reducing government support for green energy and electric vehicles, while increasing the projected federal deficit relative to current laws.
On social media site X, Musk answer On the screenshot of Trump’s post, it says “I’m actually saying it all.
Musk’s criticism of government spending plans seems to be one reason Public hatred Between the two billionaires in early June, the stock was sold. Then, tensions seemed cool, with Tesla’s stock rebounding more than 11% since June 5.
But Tesla CEO once again began criticizing the tax bill and targeting the Republicans. On Monday, Musk said on X it was “It’s time New Deal Party In fact, care about the people. ”
