As feud escalates, Trump implies government could cut contracts and subsidies to Musk's companies

President Donald Trump has escalated his abrupt rupture with Elon Musk by implying the authorities could sever ties with the tech titan's businesses.

"The easiest mode to prevention wealth successful our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was ever amazed that Biden didn’t bash it" Trump wrote successful a Truth Social station Thursday afternoon.

Trump's station comes successful the midst of a stunning speech betwixt Musk and Trump that erupted Thursday erstwhile the president told reporters successful the Oval Office that helium was disappointed with Musk's disapproval of the Republican argumentation measure that is making its mode done Congress.

Musk past launched into a tirade connected X, wherever helium posted passim aboriginal Thursday a assortment of critiques of Trump, the measure and different Republican politicians.

In effect to different Trump post, Musk said the president was lying.

Various estimates person been enactment guardant connected conscionable however overmuch Musk's firms, chiefly SpaceX and Tesla, payment from authorities contracts and subsidies. The Washington Post has enactment the fig astatine $38 billion.

The worth of authorities enactment to SpaceX, which includes Musk’s high-profile space-launch ventures successful summation to its Starlink outer subsidiary — is worthy $22 cardinal alone, according to comments made by SpaceX main Gwynne Shotwell.

Tesla has benefited from astir $11.4 cardinal successful regulatory credits aimed astatine boosting electric-vehicle purchases, though that fig besides includes authorities subsidies.

Reuters has reported that the existent fig is classified owed to the quality of galore of the contracts Musk's firms are under.

Shares successful Tesla, which had already fallen 8% connected Thursday arsenic the tit-for-tat escalated connected societal media, declined arsenic overmuch arsenic 12% pursuing Trump's post.