Trump says he wants Musk and his companies to thrive in US
Mr Musk (left) spent more than a quarter of a billion dollars to help Mr Trump win November's presidential election.
WASHINGTON - US President Donald Trump said on July 24 he would not destroy Mr Elon Musk's companies by taking away federal subsidies and said he wants the billionaire entrepreneur's businesses to thrive.
'Everyone is stating that I will destroy Elon's companies by taking away some, if not all, of the large scale subsidies he receives from the US Government. This is not so!,' Mr Trump said in a social media post.
'I want Elon, and all businesses within our Country, to THRIVE.'
The statement follows Mr Musk's warning to Tesla investors on July 23 that US government cuts in support for electric vehicle makers could lead to a 'few rough quarters' for the company.
Mr Musk spent
more than a quarter of a billion dollars to help Mr Trump win November's presidential election and led the Department of Government Efficiency's chaotic effort to slash the budget and cut the federal workforce.
The Tesla CEO left the administration in late May to refocus on his tech empire.
Mr Trump and Mr Musk fell out shortly afterwards when
Mr Musk openly denounced the Republican president's tax-cut and spending Bill, leading to threats by Mr Trump to cancel billions of dollars worth of federal government contracts with Mr Musk's companies. REUTERS
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