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Trump claims to want to cut subsidies for Tesla
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miko33 Away
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Post: #1
Trump claims to want to cut subsidies for Tesla
I don't believe any of Tesla's subsidies will be cut. We're seeing Trump's negotiating strategy with Musk...just not sure what Trump wants. TBF, both have good points. Musk thinks government needs to shrink and spending needs to be curtailed. However, he's obviously being a NIMBY (except "Don't Touch My Subsidies"!)

https://www.cnbc.com/2025/07/01/tesla-sh...idies.html

Quote:Shares of Tesla
were under pressure on Tuesday after President Donald Trump said in a late-night social media post that the federal government should look into cutting subsidies for Elon Musk’s companies.

“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. No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!” the Truth Social post said.
07-01-2025 10:10 AM
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TripleA Offline
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Post: #2
RE: Trump claims to want to cut subsidies for Tesla
Trump just said essentially the same thing when he arrived at Alligator Alcatraz this morning.

And as he returned to the limo to tour the place, he said, "Elon shouldn't be picking a fight with me." Paraphrased.
07-01-2025 10:18 AM
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UofMstateU Offline
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Post: #3
RE: Trump claims to want to cut subsidies for Tesla
Elon is proving to be as politically smart as Mark Cuban.......
07-01-2025 10:24 AM
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b2b Offline
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Post: #4
RE: Trump claims to want to cut subsidies for Tesla
I agree. None of the EV companies should get a subsidy.
07-01-2025 10:36 AM
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UofMstateU Offline
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RE: Trump claims to want to cut subsidies for Tesla
07-01-2025 10:37 AM
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olliebaba Offline
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Post: #6
RE: Trump claims to want to cut subsidies for Tesla
What Bessent basically said was, "you stick to what you know and we'll stick to what we know"...in a roundabout way.
07-01-2025 10:49 AM
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TripleA Offline
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RE: Trump claims to want to cut subsidies for Tesla
(07-01-2025 10:49 AM)olliebaba Wrote:  What Bessent basically said was, "you stick to what you know and we'll stick to what we know"...in a roundabout way.

It wasn't that roundabout, lol.
07-01-2025 10:51 AM
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VA49er Offline
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Post: #8
RE: Trump claims to want to cut subsidies for Tesla
It's all talk. Two massive egos butting heads, imo.
07-01-2025 10:54 AM
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GeminiCoog Offline
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Post: #9
RE: Trump claims to want to cut subsidies for Tesla
(07-01-2025 10:37 AM)UofMstateU Wrote:  

And that's how it should be. Also, speaking of Elon and Tesla, why do alternative sources of motor vehicular propulsion have to be limited to electric vehicle research? Shouldn't we be open to every type and let the free market sort it out? Of course, the answer is yes we should, but the government feels that has to play favorites. Hopefully, that part should stop soon. Well, at least we hope it will stop.
(This post was last modified: 07-01-2025 10:59 AM by GeminiCoog.)
07-01-2025 10:57 AM
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oruvoice Offline
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Post: #10
RE: Trump claims to want to cut subsidies for Tesla
This has to be really confusing for Dems. For years they loved Elon, then he bought Twitter and they hated him with a passion. Now that he's at odds with Trump, I guess they start loving him again? 03-lmfao
07-01-2025 11:39 AM
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bobdizole Offline
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Post: #11
RE: Trump claims to want to cut subsidies for Tesla
(07-01-2025 10:57 AM)GeminiCoog Wrote:  
(07-01-2025 10:37 AM)UofMstateU Wrote:  

And that's how it should be. Also, speaking of Elon and Tesla, why do alternative sources of motor vehicular propulsion have to be limited to electric vehicle research? Shouldn't we be open to every type and let the free market sort it out? Of course, the answer is yes we should, but the government feels that has to play favorites. Hopefully, that part should stop soon. Well, at least we hope it will stop.

I'm personally in favor of the Fred Flintstone method. Let's make foot powered cars great again!


Musk needs to learn not to bite the hand that feeds. I don't have anymore issue with EVs getting government welfare than the traditional ICE makers like the 2009 bailouts(which is to say I have a yuge problem with it) but for him to whine about government waste when his companies and customers get massive handouts he's letting that 'tism out of control.
07-01-2025 11:56 AM
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GeminiCoog Offline
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Post: #12
RE: Trump claims to want to cut subsidies for Tesla
(07-01-2025 11:56 AM)bobdizole Wrote:  
(07-01-2025 10:57 AM)GeminiCoog Wrote:  
(07-01-2025 10:37 AM)UofMstateU Wrote:  

And that's how it should be. Also, speaking of Elon and Tesla, why do alternative sources of motor vehicular propulsion have to be limited to electric vehicle research? Shouldn't we be open to every type and let the free market sort it out? Of course, the answer is yes we should, but the government feels that has to play favorites. Hopefully, that part should stop soon. Well, at least we hope it will stop.

I'm personally in favor of the Fred Flintstone method. Let's make foot powered cars great again!


Musk needs to learn not to bite the hand that feeds. I don't have anymore issue with EVs getting government welfare than the traditional ICE makers like the 2009 bailouts(which is to say I have a yuge problem with it) but for him to whine about government waste when his companies and customers get massive handouts he's letting that 'tism out of control.

I personally prefer either natural gas or even hydrogen fuel cells. Unfortunately, the tech for either one is still pretty darn expensive. Still, I just think we shouldn't have a government that plays favorites. (And I know you agree with me on that.)
(This post was last modified: 07-01-2025 12:04 PM by GeminiCoog.)
07-01-2025 12:04 PM
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