Story perspectives
Trump Warns Musk: Subsidy Cuts Could Cost Billions
6/10/2025
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Story summary
- Donald Trump warned Elon Musk about potential cuts to government subsidies, claiming it could save billions.
- Following Trump's remarks, Tesla's stock fell by 14%, highlighting Musk's significance in government contracts.
- Trump may revoke Musk's security clearances due to previous violations, affecting his position at SpaceX.
- Tensions rose as Trump cautioned Musk of "serious consequences" for backing Democratic candidates.
