US President Donald Trump, Industrialist Alan Musk
US President Donald Trump’s Tevar is seen soft for industrialist Alan Musk. Trump on Thursday denied claims to destroy Allen Musk’s companies in the US. He also said, ‘He wants’ that Allen Musk and all other businesses of America should be in America.
Trump had earlier indicated earlier this month that he could end the billions of dollars of subsidy received by Allen Musk’s companies. At the same time, now the changed attitude of Trump is visible on the other side.
What did Trump say?
Posting on Truth Social, Trump said, “Everyone is saying that I will ruin Allen’s companies by snatching a large subsidy from the US government.” It’s not like that! I want Alan and all the businesses of our country to flourish, but more fruits than ever! The better they do, the better America will progress and it is good for all of us. We are setting new records every day and I want to maintain it like this! ”
Where did the tension between the two start
Tesla’s CEO and the US President, who was once ally, is now often seen to be a verbal war between them. The conflict began after exiting the Department of Government Efficiency of Mask. Trump’s threat to snatch the subsidy to Trump was revealed when Alan Musk had criticized the “Big Beautiful Bill” of the President. This bill passed by the Senate by a slight margin will eliminate the subsidy on the purchase of electric vehicles, which has benefited from the US’s leading electric vehicle manufacturer Tesla till now.
Trump had said that Musk is upset that he is losing his EV subsidy and he is very upset about these things, but if he continues to do like this, he can lose more. The crack between Trump and Musk was shocking for many people, as Tesla’s CEO was once the biggest propagandist of the President who spent hundreds of million dollars to win him again in the White House.
Tesla’s share declines
Tesla’s shares have been declining since the new tax law implemented by Trump. On Thursday, the company’s shares were down 7.67 percent to $ 307.05 at $ 307.05, which was 7.67 percent till 7:34 pm (Indian time).
