Trumps suggests DOGE look at Musk subsidies to save money
U.S. President Donald Trump suggested that his efficiency department should review the subsidies received by Elon Musk's companies to save federal funds. He claimed Musk may receive more subsidies than anyone in history and implied that without them, Musk's businesses could fail. Trump proposed that DOGE should examine this situation, indicating significant potential savings for the government.
July 1 (Reuters) - U.S. President Donald Trump on Tuesday suggested his efficiency department should take a look at cutting the subsidies that Tesla CEO (TSLA.O) Elon Musk’s companies have received to save the federal government money.
“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,” Trump said on Truth Social.
“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!!”