In a recent post on Truth Social, U.S. President Donald Trump made it clear he does not intend to undermine Elon or his companies. The statement comes after speculation that he might cut government subsidies to Tesla and SpaceX. The U.S. leader dismissed those claims and stressed his intention to see Musk thrive.
He message was unambiguous. “Everyone is saying I will destroy Elon’s companies by cutting subsidies,” he wrote. “This is not so.” The President added that he wants Elon and all American businesses to flourish. “I want Elon, and all businesses in our country, to THRIVE, in fact, THRIVE like never before,” Trump stated.
Source: Tweet
He emphasized that strong business performance benefits the entire nation. “The better they do, the better the USA does,” he wrote, adding, “We are setting records every day, and I want to keep it that way!”
Earlier this month, The U.S. leader had suggested that X Owner receives unusually large government support. At the time, he hinted that a newly proposed Department of Government Efficiency (DOGE) could evaluate subsidies tied to Musk enterprises. "We might have to put DOGE on Elon," Trump told reporters, raising concerns that federal aid to Musks companies could be reduced to save public funds.
Those comments sparked worries among investors and political observers that he might be targeting X Owner, especially after previous tensions between the two. Musk had publicly criticized The President large infrastructure and spending bill, which threatened to slash EV incentives. The bill narrowly passed the Senate despite The Tesla chief vocal opposition.
Musk labeled the legislation a “disgusting abomination” and urged Americans to oppose it. In response, he mentioned he had sidelined Elon from electric vehicle policymaking discussions and considered ending certain federal contracts with Tesla.
Despite those earlier disputes, The President latest remarks signal a major shift in tone. The President appears intent on mending ties with the tech billionaire. By publicly supporting The Tesla chief success, The U.S. leader may also be looking to maintain business confidence and economic momentum.
The message suggests The President recognizes the economic value The Tesla chief ventures bring to the U.S. economy. With election season intensifying, aligning with powerful business figures could play a strategic role in shaping public and market sentiment.
The endorsement by His highlights the changing relationship between political capital and entrepreneurial capital within this fast-evolving economic environment in America.
Mona Porwal is an experienced crypto writer with two years in blockchain and digital currencies. She simplifies complex topics, making crypto easy for everyone to understand. Whether it’s Bitcoin, altcoins, NFTs, or DeFi, Mona explains the latest trends in a clear and concise way. She stays updated on market news, price movements, and emerging developments to provide valuable insights. Her articles help both beginners and experienced investors navigate the ever-evolving crypto space. Mona strongly believes in blockchain’s future and its impact on global finance.