Trump escalated his public feud with Elon Musk by threatening to eliminate massive federal subsidies and government contracts benefiting Musk’s companies.
00:00President Trump escalated his public feud with Elon Musk by threatening to eliminate massive federal subsidies and government contracts that benefit Musk's companies, including Tesla, SpaceX, and Starlink, calling it, quote, the easiest way to save billions.
00:16In a true social post, Trump warned that Musk might have to leave the U.S. without those supports, and suggested that Doge investigate the funding.
00:24The announcement rattled financial markets. Tesla shares plunged between 5% and 14% amid fears of lost incentives and contracts, which analysts estimate could be worth tens of billions.
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