President Trump Declares “This is Not So!” Regarding Destruction of Elon Musk’s Companies & Expresses Desire for Elon to Succeed in America

This article does not constitute investment advice. The author does not hold any shares in the stocks discussed.

In a recent post on Truth Social, President Trump struck a conciliatory tone towards Elon Musk, the CEO of Tesla and SpaceX. Historically, Trump has hinted at the possibility of deporting Musk; however, he has now dismissed any notion that he intends to jeopardize Musk’s companies through investigations into their government contracts. These comments followed reports of a governmental probe into SpaceX’s contracts and came at a time when Musk has refrained from critiquing Trump on social media.

Trump’s Aspirations for Musk’s Success in America

The relationship between President Trump and Elon Musk, once characterized by mutual support, took a sharp turn earlier this year over Trump’s “Big Beautiful Bill.”Their disagreement centered on whether the legislation would have a meaningful impact on the U. S.deficit, with Musk expressing concerns about an increase while Trump argued that Musk was primarily concerned about preserving his electric vehicle subsidies.

Following their public fallout, Trump seemed to entertain the idea of deporting Musk. In a recent interview, he stated that he would “have to take a look”at the matter, suggesting that his administration might need to take action regarding Musk and his financial benefits. He whimsically noted that failure to act could lead to a scenario where “DOGE, ”a term he used to describe Musk’s “government efficiency department, ”could cause more issues for Musk, hinting at the substantial subsidies Musk receives.

After their widely discussed conflict, reports emerged suggesting that the U. S.government was investigating Musk’s business contracts. While Tesla generates most of its income from electric vehicle sales, SpaceX also benefits from substantial contracts with NASA and the Pentagon. Musk’s aerospace company is currently the only American entity capable of transporting astronauts to the International Space Station (ISS) from U. S.territory and regularly conducts satellite launches for federal sectors.

In his latest Truth Social statement, Trump strongly rejected the idea that he aims to undermine Musk’s enterprises. He stated, “Everyone is saying 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 true!”He reiterated his desire for Musk and all American businesses to flourish, adding that he wants them to succeed “like never before!”

Trump maintains that the success of Musk’s ventures, including SpaceX and Tesla, is beneficial for the United States. Additionally, Musk’s artificial intelligence company, xAI, is making strides to compete with major technology players by developing one of the largest AI GPU clusters in the country. Musk recently revealed plans to utilize up to 550, 000 NVIDIA Blackwell AI GPUs to meet computational needs, demanding power amounts akin to 35 nuclear power plants.

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