Trump hints at DOGE investigation of Musk subsidies

Jay Jackson
02 Jul 2025, 09:05 GMT+10

Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate."
"Electric cars are fine, but not everyone should be forced to own one."
"No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE.

WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without them, he says Musk would have to close up shop and return to South Africa.

The U.S. president has also floated the idea that DOGE, the initiative to search out and eliminate government waste, which Musk headed until recently, should take a "good, hard look," at subsidies going to Musk's companies.

The claims came on Mr Trump's own social media platform 'Truth Social' on Tuesday. Musk in recent weeks and days has voiced spirited opposition to the president's 'Big, Beautiful Bill,' which was passed by the Senate on Tuesday, with Vice President JD Vance having to cast the one vote to get the legislation up. The final vote was 51-50.

"Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate. It is ridiculous, and was always a major part of my campaign," Mr Trump posted on Truth Social on Tuesday.

"Electric cars are fine, but not everyone should be forced to own one. 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. "

"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!!!" the president said.

MusK on Tuesday remained critical of the BBB but was componsed. "All I'm asking is that we don't bankrupt America," he said in a single-line post on his social media platform X on Tuesday.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Travel News.

More Information

null in null

Business

Section

Nvidia execs sell $1 billion in stock as AI boom drives record prices

SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...

Tech stocks slide, industrials surge on Wall Street

NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...

Canada-US trade talks resume after Carney rescinds tech tax

TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...

Lululemon accuses Costco of selling knockoff apparel

Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...

Shell rejects claim of early merger talks with BP

LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...

Wall Street extends rally, Standard and Poor's 500 hits new high

NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...

Travel and Tourism

Section