Jay Jackson
02 Jul 2025, 09:05 GMT+10
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without them, he says Musk would have to close up shop and return to South Africa.
The U.S. president has also floated the idea that DOGE, the initiative to search out and eliminate government waste, which Musk headed until recently, should take a "good, hard look," at subsidies going to Musk's companies.
The claims came on Mr Trump's own social media platform 'Truth Social' on Tuesday. Musk in recent weeks and days has voiced spirited opposition to the president's 'Big, Beautiful Bill,' which was passed by the Senate on Tuesday, with Vice President JD Vance having to cast the one vote to get the legislation up. The final vote was 51-50.
"Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate. It is ridiculous, and was always a major part of my campaign," Mr Trump posted on Truth Social on Tuesday.
"Electric cars are fine, but not everyone should be forced to own one. Elon 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 home to South Africa. "
"No 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!!!" the president said.
MusK on Tuesday remained critical of the BBB but was componsed. "All I'm asking is that we don't bankrupt America," he said in a single-line post on his social media platform X on Tuesday.
Get a daily dose of Perth Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Perth Herald.
More InformationLONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
New Delhi [India], July 2 (ANI): The Indian rupee is expected to trade in the range of 85.25-86.25 against the US dollar in the near...
New Delhi [India], July 2 (ANI): The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director of RBI with...
The inflation is driven by the price of services, which recorded a yearly inflation rate of 3.3 percent in June, up from 3.2 percent...
DUBAI, 1st July 2025 (WAM) -- Emirates will be layering on more retrofitted Boeing 777s and Airbus A380s on its existing schedules...
SYDNEY, NSW, Australia - , Australian Federal Police (AFP) have shut down a secret drug lab in Sydney's west and seized more than 100kg...
Washington, DC [US], July 2 (ANI): The Foreign ministers of the Quad nations met in Washington, DC, on July 1 to reaffirm their steadfast...
Washington DC [US], July 2 (ANI): External Affairs Minister S Jaishankar met with US State Secretary Marco Rubio on the sidelines of...
Washington, DC [US], July 2 (ANI): India's External Affairs Minister S Jaishankar, US Secretary of State Marco Rubio, Japan's Minister...
New Delhi [India], July 1 (ANI): Former Indian cricketer Ravichandran Ashwin believes England will focus on playing cautiously against...
Parents have been left reeling by news a male Melbourne childcare worker has been charged with 70 counts related to the alleged sexual...