{"id":14733,"date":"2025-07-01T07:59:28","date_gmt":"2025-07-01T07:59:28","guid":{"rendered":"https:\/\/infundpros.com\/?p=14733"},"modified":"2025-07-01T07:59:29","modified_gmt":"2025-07-01T07:59:29","slug":"donald-trump-suggests-doge-review-subsidies-to-elon-musks-companies","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=14733","title":{"rendered":"Donald Trump suggests Doge review subsidies to Elon Musk\u2019s companies"},"content":{"rendered":"<div>\n<p>Unlock the White House Watch newsletter for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\">Your guide to what Trump\u2019s second term means for Washington, business and the world<\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=2591f830-d707-499e-a1ae-36eaf6ebc6ca&amp;newsletter-id=65b8fec772badb00166eafc6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Donald Trump has suggested the US government should examine any subsidies handed out to Elon Musk\u2019s business empire, claiming that \u201cbig money\u201d could be saved.<\/p>\n<p>In a post on his Truth Social platform early on Tuesday, Trump said: \u201cElon may get more subsidy than any human being in history, by far, and, without subsidies, Elon would probably have to close up shop and head back to South Africa.\u201d<\/p>\n<p>The exchange deepens a rift between the two men over the US president\u2019s signature tax and spending bill. <\/p>\n<p>As the Senate pressed ahead with a marathon voting session on the bill on Tuesday, Musk renewed his attacks on legislation that he said would lead to \u201cthe biggest debt increase in history\u201d. <\/p>\n<p>In a series of posts on his social media platform X, Musk also repeated his threat to form a new political party, as \u201can alternate to the Democrat-Republican uniparty\u201d. <\/p>\n<p>The bitter public feud, which began after Musk left the administration in May, marks a spectacular unravelling of the previously close ties between the two that were forged as the billionaire helped bankroll Trump\u2019s return to the White House. <\/p>\n<p>Trump then installed Musk, who runs Tesla and SpaceX, as the head of the so-called Department of Government Efficiency (Doge), tasking him with finding trillions of dollars of savings across government.<\/p>\n<p>In Tuesday\u2019s post, Trump said: \u201cNo 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? BIG MONEY TO BE SAVED!!!\u201d.<\/p>\n<p>Tesla\u2019s Frankfurt-listed shares fell 6 per cent following Trump\u2019s post. <\/p>\n<p>The Financial Times reported in February that Musk\u2019s six businesses profit from about $20bn in government contracts \u2014 which the billionaire has previously insisted were all won on merit and have provided value for money. <\/p>\n<p>Tesla has received more than $2.8bn in state and federal subsidies, while SpaceX has become the de facto operator of the US space programme, winning billions of dollars\u2019 worth of government contracts.<\/p>\n<p>Responding to Trump\u2019s suggestion that Doge look at government subsidies for his business empire, Musk posted on his own social media platform X: \u201cI am literally saying CUT IT ALL. Now.\u201d<\/p>\n<p>As their relationship collapsed last month, Musk called for Trump to be impeached, suggested his trade tariffs would cause a US recession, threatened to decommission SpaceX capsules used to transport Nasa astronauts and insinuated the president was associated with the late paedophile Jeffrey Epstein.<\/p>\n<p>But in a post in X a few days later, Musk said he \u201cregretted\u201d some of his attacks, which he said \u201cwent too far\u201d. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/2591f830-d707-499e-a1ae-36eaf6ebc6ca\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the White House Watch newsletter for free Your guide to what Trump\u2019s second term means for Washington, business and the world&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-14733","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Donald Trump suggests Doge review subsidies to Elon Musk\u2019s companies | inFundPros<\/title>\n<meta name=\"description\" content=\"Unlock the White House Watch newsletter for freeYour guide to what Trump\u2019s second term means for Washington, business and the worldDonald Trump has\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=14733\" \/>\n<meta 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