Do American businesses require government subsidies to thrive?
In a Thursday post on Truth Social, President Donald Trump wrote: "Everyone is stating that I will destroy Elon [Musk'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!" He added, "I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!"
It's not entirely clear if Trump will cut subsidies to Musk's companies. But during a press briefing a day earlier, White House press secretary Karoline Leavitt said, "I don't think so. No." when asked if the president supports agencies contracting with Musk's xAI.
