00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump suggested the federal government investigate the subsidies received
00:06by Elon Musk's companies, arguing that the country could have a substantial amount of
00:09money, according to lawyers. Trump's comments were posted on True Social and reignited a
00:13feud with Musk, who had sharply criticized the GOP tax cut and spending bill. Trump claimed
00:18Elon Musk may have received more government subsidies than anyone in history, suggesting
00:22Musk's companies could operate without them. He proposed that the Department of Government
00:26Efficiency investigate the subsidies, arguing it could save the country a large amount
00:30of money. In response to Trump's post, Musk wrote an act that he supports cutting all
00:34government subsidies. The Department of Transportation oversees vehicle design and would likely influence
00:39Tesla's robo-taxi plans, while SpaceX holds roughly $22 billion in federal contracts.
00:44For all things money, visit Benzinga.com.
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