United States (US) President Donald Trump said on Truth Social on Thursday that he asked Elon Musk to leave the government, while defending the One Big Beautiful Bill:
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!”
Even further, Trump declared: “Elon was “wearing thin,” I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!”
Market reaction
Tesla shares extend their intraday slump with the news, down roughly 12% on the day.
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