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Will Donald Trump investigate Elon Musk, cancel US government contracts with his companies  or reconnect with Tesla CEO? Here's all about President's warning to billionaire
Will Donald Trump investigate Elon Musk, cancel US government contracts with his companies  or reconnect with Tesla CEO? Here's all about President's warning to billionaire

Time of India

time14 hours ago

  • Business
  • Time of India

Will Donald Trump investigate Elon Musk, cancel US government contracts with his companies or reconnect with Tesla CEO? Here's all about President's warning to billionaire

Donald Trump announced he has ended his relationship with billionaire Elon Musk . The split follows disagreements over a tax and spending bill. Trump also warned Musk not to fund Democrats, who oppose the bill. Trump Confirms Fallout with Musk In a phone interview with NBC News, Trump confirmed that his relationship with Elon Musk has ended. When asked if he planned to reconnect, Trump said he had no intention of speaking to Musk again. He added that no talks have taken place about investigating Musk. Warnings About Political Support Trump warned there would be serious consequences if Musk provides financial support to Democrats who oppose the president's tax and spending legislation. However, he did not explain what those consequences might be. No Action on Government Contracts Trump said he had not thought about canceling US government contracts with Musk's companies, including Starlink and SpaceX. These companies currently hold several federal contracts related to satellite internet and space launches. Also Read: Strawberry Moon: How to watch full moon in night sky? Here's viewing date, time and best locations Live Events Public Exchange Escalates Feud This week, Musk called Trump's bill a 'disgusting abomination.' His public opposition complicated the bill's journey through Congress. The bill passed narrowly in the House and is now being reviewed by the Senate. Legislation Faces Resistance Analysts say the bill would increase US debt by $2.4 trillion over 10 years. This has raised concerns among lawmakers, including fiscal conservatives. Despite that, Trump remains confident that the bill will pass by July 4. Republican Party Stands with Trump Since Trump's second term began in January, Republicans have supported his policies. While some lawmakers expressed concerns, they have not voted against his major proposals or nominations. Musk Deletes Critical Posts Musk removed posts from X that criticized Trump. One deleted post showed support for Trump's impeachment and named JD Vance as a possible replacement. Musk has not commented on the deletions. Also Read: Love Island USA Aftersun: See release date, host and where to watch talk show Calls for Reconciliation from Allies JD Vance, speaking on a podcast, said Musk's criticism was a mistake. He expressed hope that Musk could rebuild his relationship with Trump. Vance praised Musk's work but stressed his loyalty to the president. Musk's Past Support for Trump Musk contributed nearly $300 million to Trump's 2024 campaign. He helped Republicans keep control of the House and win the Senate. Trump had also appointed Musk to a role aimed at reducing federal spending. FAQs Why did Donald Trump end his relationship with Elon Musk? Trump ended ties with Musk after Musk criticized his bill and showed support for Democrats, raising concerns over political funding and loyalty. Did Elon Musk respond to Trump's statements? Musk has not officially responded but deleted posts critical of Trump, including one suggesting the president should be impeached and replaced by JD Vance.

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