Archive · 24 Jul 2025
Trump Denies Targeting Musk, Says Wants His Companies To Thrive
Former President Trump says he doesn't want to hurt Elon Musk's businesses and wants them to do really well.
Trump believes when businesses succeed, the country does too.
However, his team is changing how they deal with Musk's companies, including not wanting the government to work with Musk's AI company, xAI.
Meanwhile, Tesla's stock dropped because the company didn't earn as much money as expected and is worried about new tax laws.
Trump denies wanting to harm Elon Musk's businesses.
Trump stated he wants all US businesses to thrive.
Trump's campaign indicated a change in approach to Musk's ventures.
White House doesn't want federal agencies to contract with xAI.
Tesla stock fell 9% after weak earnings and tax concerns.
- Who
- Donald Trump and Elon Musk.
- What
- Trump denies wanting to harm Elon Musk's companies and clarifies his support for all US businesses.
- When
- July 23-24
- Where
- United States
- Why
- Trump wants US businesses to succeed to benefit the country.
Trump's Stance
Musk's Ventures
Policy
Trump's Stance
Supports all businesses
Musk's Ventures
Has signaled shift towards Elon Musk's companies
- President
- Donald Trump
- Business Leader
- Elon Musk
- Company
- Tesla and xAI
- Tesla Stock Drop
- 9%
- White House stance
- Doesn't want federal agencies to contract with xAI