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Tesla shares tumble after Trump says DOGE should look at Elon Musk's subsidies

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Will Elon Musk hold major political office in the United States before February 2033?

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Donald Trump Threatens to Unleash DOGE on Elon Musk

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Elon Musk Renews Criticism Trump Spending Bill Calls New Political Party 2025 06 30

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Tesla Stock Slides After Trump Musk Feud Reignites Vjcenqvqrs1Ovy9Nusoh

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"[W]e make Elon Musk just 1/5 to accept an official government position within the Trump administration."

"I think we may see him much more as a floating adviser to the Trump administration, rather than someone who's actually installed within it."

Musk will provide “advice and guidance from outside of Government."

"Musk may also join a potential second Trump administration."

"Musk may now be nominally in charge of government agencies with oversight of his companies."

"Musk has expressed interest in getting more involved if Trump wins in November."

"I am willing to serve [in the Trump administration]."

"It's clear from this moment that Musk will be prominent and around in the new administration."

"It's clear that Musk will have a massive role in the Trump White House with his increasing reach clearly across many federal agencies."

Will Musk Join the Trump Administration?

Elon Musk renewed his criticism of U.S. President Donald Trump's tax and spending bill, the One Big Beautiful Bill Act, calling it "insane" and vowing to unseat lawmakers who supported it after campaigning on limiting government spending.

New York Times

Elon Musk renewed his criticism of U.S. President Donald Trump's tax and spending bill, the One Big Beautiful Bill Act, calling it "insane" and vowing to unseat lawmakers who supported it after campaigning on limiting government spending.

Musk threatened to form a new "America Party" if the spending bill, <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/senate-begins-floor-debate-on-trumps-budget-bill">which is currently being debated in the Senate</a>, passes, pledging to support primary challengers against nearly every Republican in Congress who voted for the legislation.

Musk threatened to form a new "America Party" if the spending bill, which is currently being debated in the Senate, passes, pledging to support primary challengers against nearly every Republican in Congress who voted for the legislation.

The Tesla CEO specifically called out House Republicans Andy Harris (R-Md.) and Chip Roy (R-Texas), while also announcing support for Rep. Thomas Massie (R-Ky.), one of Trump's biggest congressional foes who opposes the spending bill.

New York Post

The Tesla CEO specifically called out House Republicans Andy Harris (R-Md.) and Chip Roy (R-Texas), while also announcing support for Rep. Thomas Massie (R-Ky.), one of Trump's biggest congressional foes who opposes the spending bill.

Musk criticized the legislation for adding approximately $3.3 trillion to the federal deficit, according to the Congressional Budget Office, arguing it would erase savings he achieved through the Department of Government Efficiency (DOGE) and represents "political suicide" for the GOP.

The Hill

Musk criticized the legislation for adding approximately $3.3 trillion to the federal deficit, according to the Congressional Budget Office, arguing it would erase savings he achieved through the Department of Government Efficiency (DOGE) and represents "political suicide" for the GOP.

Trump responded by threatening to have DOGE review subsidies received by Musk's companies, stating, "Elon may get more subsidy than any human being in history," and "without subsidies, Elon would probably have to close up shop and head back home to South Africa."

Truth Social

Trump responded by threatening to have DOGE review subsidies received by Musk's companies, stating, "Elon may get more subsidy than any human being in history," and "without subsidies, Elon would probably have to close up shop and head back home to South Africa."

Tesla shares fell nearly 5% in premarket trading following Trump's threats, with the president telling reporters Tuesday morning that Musk "can lose a lot more than that" and suggesting his companies could face scrutiny over their reliance on government contracts and subsidies.

Tesla shares fell nearly 5% in premarket trading following Trump's threats, with the president telling reporters Tuesday morning that Musk "can lose a lot more than that" and suggesting his companies could face scrutiny over their reliance on government contracts and subsidies.

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Musk threatened to form a new "America Party" if the spending bill passes and pledged to support primary challengers against nearly every Republican in Congress who voted for the legislation, stating they "will lose their primary next year if it is the last thing I do on this Earth.".</span

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Musk threatened to form a new "America Party" if the spending bill passes and pledged to support primary challengers against nearly every Republican in Congress who voted for the legislation, stating they "will lose their primary next year if it is the last thing I do on this Earth.".

The Tesla CEO specifically called out House Republicans Andy Harris of Maryland and Chip Roy of Texas, while also announcing support for Representative Thomas Massie of Kentucky, one of Trump's biggest congressional foes who opposes the spending bill.</span

New York Post #

The Tesla CEO specifically called out House Republicans Andy Harris of Maryland and Chip Roy of Texas, while also announcing support for Representative Thomas Massie of Kentucky, one of Trump's biggest congressional foes who opposes the spending bill.

Musk criticized the legislation for adding approximately $3.3 trillion to the federal deficit according to the Congressional Budget Office, arguing it would erase savings he achieved through the Department of Government Efficiency and represents "political suicide" for the GOP.</span

The Hill #

Musk criticized the legislation for adding approximately $3.3 trillion to the federal deficit according to the Congressional Budget Office, arguing it would erase savings he achieved through the Department of Government Efficiency and represents "political suicide" for the GOP.

Trump responded by threatening to have the Department of Government Efficiency review subsidies received by Musk's companies, stating "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.".</span

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Trump responded by threatening to have the Department of Government Efficiency review subsidies received by Musk's companies, stating "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.".

Tesla shares fell nearly 5% in premarket trading following Trump's threats, with the president warning that Musk "can lose a lot more than that" and suggesting his companies could face scrutiny over their reliance on government contracts and subsidies worth billions of dollars.</span

Tesla shares fell nearly 5% in premarket trading following Trump's threats, with the president warning that Musk "can lose a lot more than that" and suggesting his companies could face scrutiny over their reliance on government contracts and subsidies worth billions of dollars.

Musk's hypocrisy is staggering - he's received more government subsidies than anyone in history yet attacks a bill that boosts defense and border security while cutting wasteful programs. His companies depend entirely on federal contracts and subsidies, so his threats to primary Republicans are just empty posturing from someone who'd be nothing without taxpayer support.

Musk's hypocrisy is staggering - he's received more government subsidies than anyone in history yet attacks a bill that boosts defense and border security while cutting wasteful programs. His companies depend entirely on federal contracts and subsidies, so his threats to primary Republicans are just empty posturing from someone who'd be nothing without taxpayer support.

Trump Threatens Musk's Subsidies Over Spending Bill Criticism

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This reckless spending bill adds over $3 trillion to the deficit while Republicans who campaigned on fiscal responsibility completely abandon their promises. The legislation represents everything wrong with Washington's uniparty system that prioritizes special interests over taxpayers. Time for a new political party that actually represents the people instead of this "Porky Pig Party" that's bankrupting America.

This reckless spending bill adds over $3 trillion to the deficit while Republicans who campaigned on fiscal responsibility completely abandon their promises. The legislation represents everything wrong with Washington's uniparty system that prioritizes special interests over taxpayers. Time for a new political party that actually represents the people instead of this "Porky Pig Party" that's bankrupting America.

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Elon Musk Promises a New Political Party if Republicans Pass Trumps Policy Bill

Trump Threatens Musk's Subsidies Over Spending Bill Criticism

Trump Threatens Musk's Subsidies Over Spending Bill Criticism

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Trump Threatens Musk's Subsidies Over Spending Bill Criticism

Trump Threatens Musk's Subsidies Over Spending Bill Criticism

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