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Trump attacks Elon Musk: Without government subsidies, he would return to South Africa

2025-07-01 18:06:15Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Trump attacks Elon Musk: Without government subsidies, he would return to South
Elon Musk and Trump

US President Donald Trump has harshly attacked Elon Musk, accusing him of receiving more government subsidies than any other individual in history for his activities with electric cars.

In a post on the Truth Social platform, Trump wrote: “ Without subsidies, Elon would probably have to shut everything down and go back to South Africa.”

This statement comes after Musk has publicly criticized the new budget bill being discussed in the US Senate, known as the "Big Beautiful Bill".

"We banned missiles, satellites, and electric car production, and our country would save a fortune. Maybe we should ask the Doge to look into this carefully?" Trump quipped. "Lots of money to save!!!" he added.

President Trump has suggested that the Department of Energy investigate subsidies that Elon Musk's companies, including Tesla and SpaceX, have received over the years. SpaceX currently has about $22 billion in federal contracts, while Starlink is expanding rapidly across the globe.

In response, Musk wrote on his social platform X: "I'm saying it literally: cut everything. Immediately."

Tensions between the two billionaires have escalated since early June, when public clashes began over the bill proposed by the Trump administration, which, according to independent analysts, would add about $3,000 billion to the US public debt.

The clashes with Trump have also had an immediate impact on financial markets. On June 5, Tesla shares fell by $150 billion in market value, the biggest one-day drop in the company's history. Today, Tesla shares on the Frankfurt Stock Exchange fell by 5%.

After weeks of silence, Musk called the package being voted on in the Senate "completely insane and destructive," accusing lawmakers who supported it of hypocrisy.

" Those who promise spending cuts and then vote for this bill should be ashamed. And they will lose the primary next year, even if it's the last thing I do on this planet," he wrote.

Musk has reiterated his call for the creation of a new political party, ironically saying that the country is being governed by the "Porky Pig Party," in reference to excessive budget spending.

The billionaire, who in the past has contributed about $300 million to Trump's campaign and supported his DOGE spending reduction initiative, has now become an outspoken critic of the current administration.

It is not yet clear how much impact Musk's statements will have in Congress, but concern has grown within Republican ranks that this public clash could damage the chances of maintaining a majority in the 2026 midterm elections.


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