President Donald Trump on Thursday threatened Elon Musk’s federal contracts, a outstanding escalation in a public feud between the president and the world’s richest man, his former ally.
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Trump wrote on his social media platform Thursday afternoon. “I was always surprised that Biden didn’t do it!”
The president’s relationship with Musk has deteriorated quickly since Musk left the White Home final week. The acrimony went public when Musk publicly slammed Trump’s sweeping home coverage bundle on Tuesday.
Musk responded to the broadside by asserting his firm, SpaceX, will withdraw from service its Dragon spacecraft — which is vital to the American house program.
Musk’s menace would deprive the U.S. of its solely assured manner of supplying the Worldwide House Station and bringing on and off astronauts. If executed, NASA would as an alternative need to depend on Russia to carry provides and astronauts to the station. NASA had contracted with Boeing on the Starliner, a competitor to the Dragon spacecraft, however that system is quickly out of service following issues with the craft.
He’s continued to lash out on the White Home within the days since — with Musk baiting Trump by identify earlier Thursday, and Trump responding by chastising the Tesla CEO from the Oval Workplace later within the day.
Nonetheless, Trump’s criticism from the White Home — the place the 2 males lower than per week in the past shared a laudatory sendoff for Musk — was not as pointed because the president’s barbs on social media.
“Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,” Musk wrote on X Thursday. “Such ingratitude.”
Musk’s firms have vital ties to the federal authorities, even earlier than the Trump administration. SpaceX is one in all NASA’s largest contractors. And his automobile firm Tesla benefitted from a clear power subsidy that’s on the chopping block in Republicans’ reconciliation bundle.
“Elon was ‘wearing thin,’ I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!” Trump posted.
“Such an obvious lie. So sad,” Musk fired again.
Trump has beforehand boosted Tesla due to his shut relationship with Musk. In March, with the corporate’s inventory at a low after public anger over job cuts fueled by Musk’s DOGE initiative, the president toured completely different Tesla fashions at a makeshift automobile present on the White Home garden. Trump later bought his personal Tesla, “a show of confidence and support” for Musk.
Tesla’s inventory tanked on Thursday, falling greater than 14 p.c as the 2 traded barbs.
Trump has routinely wielded the facility of the manager department towards establishments that he deems are misbehaving. He’s frozen billions in federal grants to a few of the nation’s prime universities, Harvard chief amongst them, as punishment for alleged antisemitism and civil rights violations. And he’s secured multimillion greenback offers with legislation companies weary of his threats to tank their enterprise.
Sam Skove contributed to this report.
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