(July 1, 2025 at 10:28 am)Thumpalumpacus Wrote:Quote:President Trump suggested the Department of Government Efficiency (DOGE) — the commission once spearheaded by Elon Musk — could take a “good, hard, look” at the tech billionaire’s companies and the extent to which they’ve benefited from environmental tax credits.
Trump issued the warning early Tuesday, after his longtime ally-turned-foe took to social media to attack the massive tax and spending bill, which phases out many of the tax credits for renewable energy and is making its way toward a vote in the Senate.
[...]
“Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa,” he continued. “No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE.”
The president added, “Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!”
https://thehill.com/homenews/administrat...companies/
Meanwhile:
Quote:Wedbush Securities analyst Dan Ives, a longtime Tesla bull, wrote Tuesday that the "situation has now turned into a soap opera that remains an overhang on Tesla's stock with investors fearing that the Trump Administration will be more hawkish and show scrutiny around Musk related U.S. government spending related to Tesla/SpaceX and most importantly the autonomous future with the regulatory environment key to the future of Robotaxis and Cybercabs."
Tesla stock dropped more than 7% to 294.46 at the opening bell for Tuesday's stock market, after declining 1.8% on Monday.
https://www.investors.com/news/tesla-sto...s-on-deck/
This is turning into such a Hollywood style breakup.
I'm your huckleberry.
