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  • 8 months ago
Tesla shares dropped 6% after President Trump suggested on Truth Social that DOGE should review the vast government subsidies received by Elon Musk’s companies.

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00:00Tesla shares dropped about 6% in early trading after President Trump suggested that Musk's
00:05Department of Government Efficiency should review the vast government subsidies received
00:10by Musk's own companies.
00:12The president asserted Musk, quote, may get more subsidy than any human being in history
00:17and also implied that eliminating support could lead Musk to, quote, close up shop and head
00:22back home to South Africa.
00:24In response, Elon Musk urged that all subsidies, including fossil fuel relief, be completely
00:30removed.
00:31The public sparring rekindled tensions following an earlier feud over Trump's so-called Big
00:36Beautiful Bill.
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