Trump Pledges Support for Elon Musk's Enterprises Amid Subsidy Concerns

President Donald Trump declared he would not withdraw federal subsidies that support Elon Musk’s companies, emphasizing his desire for Musk's ventures and all American businesses to flourish. In a Truth Social post, Trump refuted claims of targeting Musk's enterprises by removing financial support.

President Donald Trump announced on Thursday his commitment to maintaining federal subsidies that benefit companies owned by Elon Musk, the billionaire technology entrepreneur. He expressed a strong desire for Musk's businesses to prosper.

In a statement on Truth Social, Trump repudiated allegations that he intends to dismantle Musk's companies by eliminating significant government subsidies. 'This is not so,' he emphasized, conveying his support for Musk and the broader national economy.

Trump further reiterated his position by stating, 'I want Elon, and all businesses within our Country, to THRIVE,' underscoring his focus on economic growth and innovation across American enterprises.

(With inputs from agencies.)