Trump vs. Musk: A Battle of Words Over Government Subsidies

A war of words has erupted between U.S. President Donald Trump and Tesla CEO Elon Musk regarding government subsidies, with Trump suggesting a review to cut them. Musk, a Republican donor, opposes the recent tax-cut bill, and tensions have impacted Tesla's stock. Analysts are concerned about future sales if subsidies are cut.

The ongoing feud between U.S. President Donald Trump and Tesla CEO Elon Musk has taken a new turn. Trump suggested revisiting subsidies for Musk's companies, aiming for cost-saving measures. The comment reignited tensions between Trump's administration and Musk, a significant Republican donor.

This revived conflict has created hurdles for Musk's business ventures, particularly Tesla, which recently experienced a notable drop in stock value. As the company stakes its future on projects like robotaxis, regulatory approvals in the U.S. could become more challenging without government support.

Musk, who has openly criticized the recent tax-cut bill for increasing national debt, now battles to influence policymakers. As the Senate debates the spending, the confrontation with Trump poses potential risks for the Republican's political standing and Elon Musk's financial empire.

(With inputs from agencies.)