Connect with us

Top Stories

Musk Slams Trump’s Claim That His Companies Will Still Get Subsidies

Published

on


President Donald Trump said on Thursday that he wouldn’t touch the federal subsidies Elon Musk’s companies were enjoying because he wanted Musk to continue to prosper.

Musk, however, begs to differ.

“The ‘subsidies’ he’s talking about simply do not exist,” Musk wrote in an X post on the same day.

He wrote that the Trump administration had already scrapped or slapped expiry dates on every clean energy incentive “while leaving massive oil & gas subsidies untouched.”

Musk’s EV company, Tesla, is already feeling the pinch. Tesla said during its earnings call on Wednesday that removing the $7,500 EV credit under Trump’s “One Big Beautiful Bill” would affect its US sales.

Vaibhav Taneja, the company’s chief financial officer, said the “abrupt change” meant the company had a “limited supply of vehicles in the US this quarter.”

Musk wrote in his X post on Thursday that SpaceX, on its part, had won federal contracts on merit. He said that his rocket company was “doing a better job for less money” and that rerouting SpaceX’s work to “other aerospace companies would leave astronauts stranded and taxpayers on the hook for twice as much.”

The White House, Tesla, and SpaceX didn’t respond to requests for comment.

Threats and market jitters

Musk had been a prominent backer of Trump during last year’s presidential campaign and enjoyed a close relationship with Trump.

Musk spent at least $277 million supporting Trump and other GOP candidates in the 2024 elections. Shortly after Trump’s victory in November, he headed the White House DOGE office and led the administration’s cost-cutting efforts.

That was until last month, when Musk and Trump began to turn on each other.

Their relationship started to break down on June 5, when Musk attacked Trump’s signature tax bill in an X post, calling it a “MOUNTAIN of DISGUSTING PORK.” He also claimed credit for Trump’s victory in last year’s election.

“Such ingratitude,” Musk wrote.

Hours later, Trump threatened to cancel Musk’s government contracts in a Truth Social post, saying it would be the “easiest way to save money in our Budget.” That drew a tit-for-tat response from Musk, who said he’d decommission SpaceX’s Dragon spacecraft, which is used in NASA missions, before walking the threat back.

Musk expressed regret over what he’d said about Trump a few days later, saying some of his posts about Trump “went too far.”

The détente, however, didn’t last.

On July 1, Trump said DOGE should take a “good, hard, look” at Musk’s companies after Musk said he’d start a new political party and defeat GOP politicians who voted for Trump’s tax bill.

“Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa,” Trump wrote on Truth Social.

“No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE,” he added.

Musk dared Trump to follow through on his threat: “I am literally saying CUT IT ALL. Now.”

The markets weren’t as confident as Musk. Tesla’s stock fell by 5% after Trump’s post on July 1. Tesla’s shares are down by over 24% year to date.

Musk’s business empire has received at least $38 billion in government contracts, loans, subsidies, and tax credits over the past 20 years, according to an analysis published by The Washington Post in February.

On Wednesday, Musk told investors on Tesla’s earnings call that the company was entering a “weird transition period where we will lose a lot of incentives in the US.”

“Does that mean like we could have a few rough quarters? Yeah, we probably could have a few rough quarters,” Musk said.





Source link

Top Stories

Trump Summons Tech Execs to Dinner: Let’s Go Over Seating Chart

Published

on


Katie Notopoulos: Let’s talk about the seating arrangements of the Trump dinner with tech CEOs. The photos are causing me intense thirdhand discomfort.

The first thing that jumps out is who is seated closest to President Trump: Mark Zuckerberg on one side, then “crypto czar” David Sacks. On the other side of Melania Trump is Bill Gates. What does it all mean?

Peter Kafka: My operating theory for all of the seating decisions is that the people closest to Trump are both 1) the most powerful people in tech, but also 2) people Trump recognizes. Like, I’m pretty sure he couldn’t pick Alexandr Wang of Scale AI (now Meta) or Mark Pincus of Zynga out of any lineups. So to the end of the table they go!

Katie: That sounds about right. Technically, Bill Gates isn’t even a tech CEO anymore; he’s retired! The same (sort of) is true for Sergey Brin, who had a prime seat right across from Trump, next to Tim Cook. But Satya Nadella, the actual CEO of Microsoft, who is less recognizable than Gates, was way off at the end of the table.

Peter: Sergey, as you may recall, told Google employees in 2016 that he found Trump’s election victory “deeply offensive.” But who cares about the past! Donald Trump looks forward, not backward (except when he’s not).

Katie: They’ve all come around, right? To varying degrees? Trump wanted to throw Zuck in jail, and now he’s seated at his right hand! (On a side note, I expect to see this Getty photo of Zuck and Trump as the art for a lot of articles in the future!)


trmp patting mark zuckerberg on the back

Mark Zuckerberg is getting a friendly pat from President Donald Trump at dinner.



SAUL LOEB/AFP via Getty Images



Peter: Zuck is Trump’s new BFF (say people who would like us to believe that). But sitting next to Donald Trump is a double-edged sword: If you’re at the edge of the table, he’s not going to bother you, but if you’re in the front of the class, you have to be prepared for a pop quiz.

Which Zuck apparently was not. The WSJ noted: “Zuckerberg, who seemed startled by a question directed at him, responded that he hadn’t been listening.” Which, honestly, is the most relatable thing about Mark Zuckerberg I’ve ever heard.

Katie: What did you think of Tim Cook and Sam Altman sitting next to each other?

Peter: Game recognize game, is what I think. Tim Cook was the master Trump tech-whisperer in the first go-round, and remains top of his game.

But Altman went from a guy who blogged about how terrible Trump was the first time around to a guy who managed to wedge his way into an AI deal that Elon Musk wanted — while Musk was still Shadow President.


sam altman staring at camera

Sam Atlman caught in a moment of deep reflection.



SAUL LOEB/AFP via Getty Images



Katie: Speaking of Musk — he wasn’t there, but it’s pretty easy to guess why (he and Trump are on the outs at the moment). But more notably absent was Nvidia’s Jensen Huang, who has also seemed to emerge as something of a Trump Whisperer. Lisa Su of AMD was there. Perhaps he was just busy?

Peter: Particularly interesting because Jensen made a point of being seen by Trump at other Big Tech goat rodeos. “I see my friend is here, Jensen,” Trump said when he made many of these people fly to Saudi Arabia to sit near him earlier this year. “Tim Cook isn’t here, but you are.”


fulll shot of trump dinner table

Tech CEOs attended a dinner at the White House.



Alex Wong/Getty Images



Katie: Let’s talk about some of the lesser-known attendees, people who aren’t so instantly recognizable, like:

Jason Chang of biotech company CSBio. John Hering of Lookout and a Musk ally. Jamie Siminoff, founder of Ring, and David Limp from Blue Origin (perhaps filling in for Andy Jassy or Jeff Bezos)? Sunny Madra of AI chip maker Groq. Vivek Ranadivé, tech veteran and current owner of the Sacramento Kings. Dylan Field of Figma. Sanjay Mehrotra of Micron. Shyam Sankar, CTO of Palantir (Alex Karp, the CEO, wasn’t there).

Peter: Katie, maybe you don’t know this feeling, but I do: Ever get an invite to a cool thing but it’s happening in, like, a day, which suggests that you’re a last-minute add because someone else dropped out/or they couldn’t fill the room?

Because some of these attendees are … surprising.

Peter: By far, my favorite low-profile attendee is Jared Isaacman. If that name is familiar, it’s because he reportedly played a key role in the Elon Musk/Trump breakup earlier this year.

Musk had put him forward as the head of NASA, and Trump agreed to it, but apparently changed his mind after he learned that Isaacman once said and did nice things for Democrats. This all led to a gnarly White House humiliation. I wonder if Trump remembers that. I’m sure Musk does.

Katie: So clearly there were some tensions here — both between the CEOs and Trump and also with each other. Who at the dinner, excluding Trump, has the biggest beef with each other at the moment?


tech ceos

Oracle CEO Safra Catz had a prime seat next to Bill Gates, near the Trumps.



Alex Wong/Getty Images



Peter: Tim vs. Mark is an oldie but goodie.

Katie: Sam Altman and Mark Zuckberg seem to be trading little public barbs lately, and are fighting over poaching employees.

This all leaves me with one big question: Who do you think had the worst time?

Peter: I don’t know! I don’t know who would have a good time at a command performance like this. But I keep thinking about the 2016 version of this roundtable, when just about everyone assembled was profoundly uncomfortable (except maybe Peter Thiel, but it’s hard to figure out when that person is/isn’t comfortable).

I think this time around, some of the folks at the table, like Sacks and Chamath, are delighted about it. And for the rest, they certainly know what the score is.





Source link

Continue Reading

Top Stories

Jason Kelce Under Scrutiny For Stance On Jalen Carter, Dak Prescott Incident

Published

on


Former Philadelphia Eagles star Jason Kelce didn’t hide his true feelings about Dallas Cowboys quarterback Dak Prescott’s scuffle with Jalen Carter, even if it aggravated NFL fans around the country.

Before the first snap from scrimmage on Thursday night, Carter was ejected for spitting on Prescott. That certainly hurt the Eagles since he’s one of the best defensive players in the league. He owned up to his mistake during his postgame media availability.

Advertisement

“It was a mistake that happened on my side, and it just won’t happen again,” Carter said. “I feel bad for my teammates and the fans out there. I’m doing it for them. … It won’t happen again. I can make that promise.”

Even though Carter took accountability for his actions, Kelce defended him on social media. In fact, he suggested that Prescott was responsible for this absurd moment.

Late on Thursday night, NBC shared footage of Prescott spitting on the ground near Carter. That video was reposted by Kelce along with this message: “And the truth shall set you free.”

Advertisement

KANSAS CITY, MISSOURI – NOVEMBER 4: ESPN analyst Jason Kelce on set prior to the game between the Kansas City Chiefs and the Tampa Bay Buccaneers at GEHA Field at Arrowhead Stadium on November 4, 2024 in Kansas City, Missouri. (Photo by Aaron M. Sprecher/Getty Images)Aaron M. Sprecher/Getty Images

Kelce missed the mark.

Just about every reply to this post from Kelce points out how ridiculous his stance on this situation is. At the end of the day, Prescott didn’t actually spit on Carter. The All-Pro defensive lineman for the Eagles, on the other hand, legitimately crossed the line.

“Spitting on someone and spitting on the ground is 2 different things,” former NFL offensive lineman Jon Feliciano replied.

“This is either intellectually dishonest or intellectually limited. I don’t know which. Dak is spitting at the ground. Tyler Booker is between him and Jalen Carter. Carter was six inches away and spat on him. This is comparing coughing around someone and coughing on someone,” Cowboys reporter Bobby Belt said.

Advertisement

“Dak spit on the ground because he’s not an idiot,” one fan wrote. “Jalen Carter spit on Dak because he’s a complete idiot. Glad we can clear that truth up.”

“Crazy work to go to bat for your former teammate when they do something stupid right on front of the ref but here we are,” a second fan said.

“Jason always does some dumb stuff to defend these losers,” a Taylor Swift fan commented.

Prescott shares his side to the story.

Following the Cowboys’ 24-20 loss to the Eagles, Prescott spoke to the media about his altercation with Carter. He revealed what led to this absurd moment.

Advertisement

“He was trolling, I guess you could say, trying to mess with Tyler Booker. I was just looking at him,” Prescott said. “I was right here by the two linemen, and I guess I needed to spit, and I wasn’t going to spit on my lineman and I just spit ahead. … And he goes, ‘Are you trying to spit on me?’ At that point, I mean I felt like he was insulting me. I wouldn’t spit on somebody. ‘I’m damn sure I’m not trying to spit on you.’ We’re about to play a game. … ‘What would I need to spin on you for?’ He just spit on me in that moment, it was more of a surprise than anything.”

The NFL has not yet announced if it’ll discipline Carter for his behavior. Earlier this year though, the league said it will crack down on violent gestures. Spitting on an opponent should classify as one.

This story was originally reported by The Spun on Sep 5, 2025, where it first appeared in the NFL section. Add The Spun as a Preferred Source by clicking here.



Source link

Continue Reading

Top Stories

US Navy Seals killed North Korean civilians in botched 2019 mission, report says | North Korea

Published

on


US Navy Seals shot and killed a number of North Korean civilians during a botched covert mission to plant a listening device in the nuclear-armed country during high-stakes diplomatic negotiations in 2019, the New York Times reported on Friday.

Citing unidentified sources, including current and former military officials with knowledge of the still-classified details, the newspaper said Donald Trump approved the operation during his first administration, as he was involved in historic talks with the North Korean leader, Kim Jong-un.

The plan was designed to fix a “blind spot” in US intelligence that would allow the US to intercept the North Korean leader’s communications, potentially giving Trump an advantage ahead of the summit between the two leaders in 2019.

But it unraveled when the detachment of Navy Seals came across North Korean civilians who appeared to be diving for shellfish, the Times reported. The American forces opened fire, killing all those on the small fishing vessel, the report said, without specifying the number of casualties.

Neither the US nor the North Korean government has made the botched operation public. Before approving the plan, the White House had been concerned that even a small military action against North Korea could provoke a “catastrophic retaliation”.

A classified Pentagon review later concluded the killings were justified under the rules of engagement, the report said.

In 2019, the Seals were dispatched to North Korean waters in a nuclear-powered submarine, and then deployed in two mini-subs in frigid waters to reach the shore. A group of eight Seals were then supposed to sneak past North Korean border forces, install the device, and then escape undetected. However, the operation was disrupted by the attack on the civilians, and the Seals left without installing the device.

The newspaper also revealed that the plan was based on a similar 2005 operation approved by George W Bush.

The White House, the Pentagon and the US embassy in Seoul did not immediately respond to requests for comment on the report.

Since Trump’s last summit with Kim in 2019, talks have fallen apart and North Korea has forged ahead with its nuclear weapons and ballistic missile program.

Trump this week said that US forces had killed 11 people in a strike on a boat in international waters that he claimed was carrying drugs to the United States. The White House has released few details about the operation, which it claimed targeted members of Venezuela’s Tren de Aragua gang.



Source link

Continue Reading

Trending