Trump Targets Musk’s Billions in Subsidies Amid Growing Feud

U.S. President Donald Trump has intensified his feud with Elon Musk, suggesting that his administration’s efficiency department should investigate the billions in government subsidies received by Musk’s companies, including SpaceX and Starlink.

The comments follow Musk’s renewed criticism of Trump’s recent $3 trillion tax-and-spending package, which the billionaire claims contradicts the Republican promise to rein in spending.

This public clash isn’t new. Their political and personal tensions exploded in June, triggering a record $150 billion drop in Tesla’s market value in just one day. Despite a partial recovery, Tesla’s troubles have continued, with June marking the sixth consecutive month of declining sales in markets like Sweden and Denmark.

Analysts expect yet another drop in deliveries, as Musk’s political stances increasingly affect public and investor sentiment. The stakes are high: SpaceX holds roughly $22 billion in federal contracts. If Trump wins reelection and follows through on cutting Musk’s government support, the ripple effects could be profound.