Trump threatens to deport Elon Musk amid escalating conflicts over bill.
US President and billionaire exchange public attacks; Trump suggests investigation into subsidies and Musk talks about creating a new political party.
247 - US President Donald Trump has once again escalated his rhetoric against billionaire Elon Musk and even suggested, this Tuesday (1st), the possibility of deporting him, after the owner of Tesla and SpaceX publicly criticized the government's proposed budget bill. The information is from the newspaper... FSP.
Asked by reporters if he was considering deporting Musk, Trump left room for interpretation. "I don't know. We'll have to look into it," the Republican said during an official event.
The statement comes amid escalating tensions between Trump and Musk, who were once close allies. The billionaire, born in South Africa and a naturalized American citizen, was one of the main financiers of Trump's 2024 presidential campaign. Early in the current administration, Musk even served in the government as coordinator of the DOGE (Department of Government Effectiveness), but broke with Trump in May after disagreements over electric vehicle and clean energy policy.
On Saturday (28), Musk once again lashed out against the text of the budget bill. On his account on the X network (formerly Twitter), the billionaire stated: "The latest Senate bill will destroy millions of jobs in America and cause immense strategic damage to our country." He also accused Republicans of abandoning investments in the electric vehicle industry and renewable energies, sectors that are fundamental to the economic future of the US, according to him.
In addition to the criticism, Musk defended the creation of a new political party, the "America Party," should the project be approved. According to the businessman, the proposal would serve as an alternative to both Republicans and Democrats.
Trump, for his part, didn't hold back on the threats. On his Truth Social profile, the president suggested that Doge could investigate subsidies received by Musk's companies, such as Tesla, SpaceX, and Starlink. "Maybe we'll have to impose Doge on Elon. You know what Doge is? Doge is the monster that can come back and devour Elon," he wrote.
The US president went further and suggested that, without billions of dollars in federal contracts and benefits, Musk would have difficulty maintaining his businesses in the country. "Without subsidies, Elon would probably have to close his doors and go back to South Africa," Trump stated.
Musk's companies, especially Tesla and SpaceX, are highly dependent on government contracts and subsidies. A survey by Financial TimesA report published in February revealed that the billionaire's six main companies have accumulated more than US$20 billion in contracts with the US government. Musk, in turn, claims that all contracts were earned on merit and that the companies provided a return to public coffers.
The benefits to Tesla, including tax credits for the purchase of electric vehicles, are being reduced in the tax bill promoted by Trump. The initiative foresees tax cuts that, according to non-partisan analysts, could add up to $3 trillion to the American public debt.
The clash between Trump and Musk is already starting to affect the billionaire's business. Tesla shares fell more than 4% on Tuesday (1st), and investors fear for the future of the company's ambitious projects, such as the robotaxi program, which depends directly on state and federal regulations.
Gene Munster, managing partner of Deepwater Asset Management, one of Tesla's main investors, highlighted the market's concern. "The essence of Tesla's valuation at this moment is based on progress towards autonomy. I don't think anything will happen in that regard, but that's the risk," he assessed.
Political tension is also beginning to affect Musk's image abroad. Preliminary data shows that Tesla's sales in key European markets were mixed, reflecting the billionaire's decline due to his alignment with the far-right in the US.
In response to Trump's threats, Musk maintained a defiant tone. "I'm literally saying CUT IT ALL OFF. Now," he wrote on X. Despite this, he indicated that, for now, he will avoid escalating the conflict further. "I'll refrain for now," he concluded.
The fallout from this public confrontation between the US president and the world's richest man continues to be closely watched by investors, politicians, and the international market, with potentially significant impacts on both the American economic and political landscape.


