Musk Appears To Reject Trump’s Overture—Says He Gets No Special Subsidies
The post Musk Appears To Reject Trump’s Overture—Says He Gets No Special Subsidies appeared on BitcoinEthereumNews.com. Topline Elon Musk on Thursday insisted that his companies do not receive any special subsidies or favorable contracts from the federal government, as he dismissed an apparent peace offering from President Donald Trump, saying he has no intention to target the billionaire’s companies and instead wants Musk to “thrive.” Elon Musk dismissed a apparent olive branch from President Donald Trump and insisted that his … More companies get no special treatment or subsidies from the federal government. Getty Images Key Facts In a post on X, the billionaire responded to a Truth Social post made by Trump earlier in the day, saying the president has no intention to “destroy” Musk’s companies by taking away “large-scale subsidies he receives from the U.S. government.” Musk rejected this suggestion and said: “The ‘subsidies’ he’s talking about simply do not exist.” Musk then claimed the president, referring to him simply as “DJT”, has “already removed or put an expiry date on all sustainable energy support while leaving massive oil & gas subsidies untouched,” a dig at the president’s signature spending legislation scrapping the $7,500 federal EV tax credit. He also rejected the suggestion that his rocket company, SpaceX, was receiving favorable treatment, noting “SpaceX won the NASA contracts by doing a better job for less money.” Musk claimed that moving SpaceX’s contracts to “other aerospace companies would leave astronauts stranded and taxpayers on the hook for twice as much!” The billionaire also mockingly wrote “Phew” in response to a post by a Tesla fan account which said: “President Trump has said he will not ‘destroy Elon Musk’s companies.’” What Did Trump Say About Musk And His Companies? In a post on Truth Social earlier on Thursday, Trump wrote: “Everyone is stating that I will destroy Elon’s companies by taking away some, if not all,…
The post Musk Appears To Reject Trump’s Overture—Says He Gets No Special Subsidies appeared on BitcoinEthereumNews.com.
Topline Elon Musk on Thursday insisted that his companies do not receive any special subsidies or favorable contracts from the federal government, as he dismissed an apparent peace offering from President Donald Trump, saying he has no intention to target the billionaire’s companies and instead wants Musk to “thrive.” Elon Musk dismissed a apparent olive branch from President Donald Trump and insisted that his … More companies get no special treatment or subsidies from the federal government. Getty Images Key Facts In a post on X, the billionaire responded to a Truth Social post made by Trump earlier in the day, saying the president has no intention to “destroy” Musk’s companies by taking away “large-scale subsidies he receives from the U.S. government.” Musk rejected this suggestion and said: “The ‘subsidies’ he’s talking about simply do not exist.” Musk then claimed the president, referring to him simply as “DJT”, has “already removed or put an expiry date on all sustainable energy support while leaving massive oil & gas subsidies untouched,” a dig at the president’s signature spending legislation scrapping the $7,500 federal EV tax credit. He also rejected the suggestion that his rocket company, SpaceX, was receiving favorable treatment, noting “SpaceX won the NASA contracts by doing a better job for less money.” Musk claimed that moving SpaceX’s contracts to “other aerospace companies would leave astronauts stranded and taxpayers on the hook for twice as much!” The billionaire also mockingly wrote “Phew” in response to a post by a Tesla fan account which said: “President Trump has said he will not ‘destroy Elon Musk’s companies.’” What Did Trump Say About Musk And His Companies? In a post on Truth Social earlier on Thursday, Trump wrote: “Everyone is stating that I will destroy Elon’s companies by taking away some, if not all,…
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