President Donald Trump threatened Elon Musk with a renewed audit from DOGE, the Department of Government Efficiency, reigniting tensions between the two influential figures. Trump suggested DOGE reexamine Musk’s government subsidies, claiming big money could be saved by eliminating federal support for his companies.
Trump’s social media post targeted Musk, stating that billionaires may get more subsidies than anyone in history. He added that without these funds, Musk might have been forced to close his shop and return to South Africa.
To which Musk’s reply follows a series of criticisms against Trump’s big beautiful bill which would add $3.3 trillion to the national debt. The rift between the former allies widened after Musk resigned from DOGE in May referring to disagreement with Trump’s spending agenda.
Though once a prominent Trump supporter donated at least $250 million, Musk now warns the president’s bill threatens America’s financial future. During a Tuesday press conference, Trump reiterated that he threatened Elon Musk with DOGE, explaining that he was upset because he was losing his EV mandate.
Although no national EV mandate exists, Trump recently blocked California’s plan to enforce one. Meanwhile, Musk threatened lawmakers who vote for the bill, promising back primary challengers and suggesting he may launch the American party.
Tesla stock dropped 6% in pre-market trading Tuesday, reflecting investor concerns over Musk’s deteriorating relationship with Trump. Treasury Secretary Scott Bessent dismissed Musk’s complaints.
