By Newspot Nigeria Global Desk
In a fresh social media post on Truth Social this morning, U.S. President Donald J. Trump publicly dismissed growing speculation that his administration intends to strip Elon Musk’s companies of their government subsidies. The post, which garnered over 16,000 likes and more than 3,000 “ReTruths” within hours of publication, sought to reassure the business community of his commitment to economic growth and innovation.
“Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government. This is not so!” President Trump wrote. “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!”
The president emphasized a broader economic vision where successful private enterprises like those led by Musk are seen as essential engines for national prosperity. “The better they do, the better the USA does, and that’s good for all of us,” he continued. “We are setting records every day, and I want to keep it that way!”
The remarks appear to be a direct response to recent media narratives and political chatter suggesting that Trump might seek to retaliate against Musk over their occasionally tense relationship, particularly surrounding the tech billionaire’s influence on social platforms and political discourse.
Meanwhile, pro-Trump supporters on the same platform praised the president’s leadership, with one user declaring, “He has accomplished more in six months than his predecessors in 100 years,” accompanied by a graphic celebrating Trump’s achievements.
The statement is likely to fuel ongoing debates in Washington over the role of government subsidies in private innovation, especially for companies operating in sectors such as renewable energy, electric vehicles, and space exploration.
With Musk’s ventures like SpaceX, Tesla, and Starlink playing increasingly pivotal roles in American infrastructure and technology, the Trump administration’s continued support—or perceived threat thereof—remains a closely watched barometer of policy direction going into the 2026 midterms.
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