Trump says he wants Musk and his companies to thrive in US

News | July 24, 2025
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(Reuters) -President Donald Trump said on Thursday he would not destroy Elon Musk’s companies by taking away federal subsidies and that he wants the billionaire tech-entrepreneur’s businesses to thrive.

“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. This is not so!,” Trump said in a post on Truth Social. “I want Elon, and all businesses within our Country, to THRIVE.”

(Reporting by Bhargav Acharya in Toronto; Editing by Doina Chiacu)