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President Trump, in a post on Truth Social moments back, struck a reconciliatory tone with one of his biggest former supporters, Tesla and SpaceX CEO Elon Musk. While Trump had kept an open stance about deporting Musk, this time, he refuted the belief that he was looking to harm Musk's companies by investigating their government contracts. The President's latest remarks about Musk came after reports suggested that the government had investigated SpaceX's contracts and after Musk refrained from targeting him on social media.
President Trump Wants Elon Musk To Thrive In America
President Trump and Elon Musk, who at one point in time was one of Trump's biggest supporters, had a falling out in a spectacular fashion earlier this year over Trump's Big Beautiful Bill. The pair disagreed whether the legislation would significantly impact the US deficit, as while Musk argued that it would enlarge the deficit, Trump dismissed his concerns and asserted that the Tesla CEO did not want his EV subsidies to end.
Soon afterward, Trump also remained open to deporting Musk. When asked in an interview earlier this month about whether he would consider deporting the Tesla CEO, Trump said that he would "have to take a look" as his government might have to "put DOGE on Elon." The President then reminded reporters that DOGE, Musk's government efficiency department, was the "monster that might have to go back and eat Elon. Wouldn't that be terrible? He gets a lot of subsidies."
Following the widely reported fallout between America's most powerful man and its richest, media reports surfaced and claimed that the US government was looking into Musk's government contracts. While Tesla relies primarily on electric vehicle sales to generate revenue, SpaceX does generate sizable revenue from its work with NASA and the Pentagon. Musk's space company is the only American firm capable of sending crewed missions to the International Space Station (ISS) from US soil, and it regularly launches satellites for NASA and the Defense Department.
However, in a post on Truth Social earlier today, the President refuted claims that he was looking to harm Musk's companies. "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 U.S. Government," wrote Trump. "This is not so!" he asserted and added that "I want Elon, and all businesses within our Country, to THRIVE." Not only does the President want Musk's companies to thrive, but he wants to them to succeed "like never before!"
Trump believes that the success of SpaceX, Tesla and other Musk ventures is great for America. Apart from his rocket and car companies, Musk's xAI also competes at the level with big technology firms and is building one of the largest AI GPU clusters in America. The executive recently announced that xAI would use as many as 550,000 NVIDIA Blackwell AI GPUs for its computational needs, with power requirements equalling 35 nuclear power plants.
About the author: Ramish is a seasoned technology writer and editor with more than a decade of experience. He specializes in semiconductor fabrication and market analysis. With a background in finance and supply chain management - via his bachelors in Finance and a micromasters in supply chain management from MIT - Ramish combines financial rigor with deep industry insight to deliver accurate and authoritative coverage.
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