Trump Criticizes Musk, Urges DOGE to Cut Subsidies Amid Spending Bill Dispute

U.S. President Donald Trump has publicly criticized Tesla CEO Elon Musk for receiving what he describes as excessive government subsidies, suggesting that his Department of Government Efficiency (DOGE) should investigate and cut these subsidies to save federal funds. Trump argued that without such support, Musk's companies might have to cease operations, including rocket launches, satellite projects, and electric car production. The dispute intensified after Musk sharply condemned Trump's tax-cut and spending bill, calling it 'utterly insane and destructive,' and advocated for creating a new political party to challenge the current two-party system. Trump rebutted by reminding the public of Musk's prior support during his presidential campaign and emphasizing his own opposition to electric vehicle mandates, which Musk also opposes. Steve Bannon, a close Trump ally, joined in criticizing Musk's stance, highlighting the political ramifications as the bill proceeds through Congress. This public feud has caused volatility in Tesla's stock value and may influence the Republican Party's strategy ahead of the 2026 midterm elections.