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04:42
Trump denies plans to destroy Musk companies, says he wants all businesses to 'thrive'
SHOTLIST
INTERNET (JULY 24, 2025) (USERS MUST CREDIT “US PRESIDENT DONALD TRUMP” VIA TRUTH SOCIAL, MUST NOT OBSCURE LOGO —EDITORIAL USE ONLY)
U.S. PRESIDENT DONALD TRUMP’S STATEMENT POSTED ON HIS TRUTH SOCIAL MEDIA ACCOUNT READING “Everyone is stating that I will destroy Elon’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! I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before! The better they do, the better the USA does, and that’s good for all of us. We are setting records every day, and I want to keep it that way!”
WASHINGTON, THE U.S. (MARCH 11, 2025) (MANDATORY CREDIT - ‘DONALD TRUMP'S SOCIAL MEDIA ACCOUNT’ HANDOUT - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS— EDITORIAL USE ONLY) (FILE FOOTAGE)
2. US PRESIDENT DONALD TRUMP GETTING IN TESLA CAR AT WHITE HOUSE
3. VARIOUS OF PRESIDENT TRUMP INSPECTING INTERIOR OF TESLA AND SPEAKING
4. PRESIDENT TRUMP, TESLA CEO ELON MUSK AND MUSK’S SON STANDING NEXT TO TESLA CAR
5. (SOUNDBITE) (English) US PRESIDENT DONALD TRUMP SAYING:
“And I'm going to buy because, number one, it's a great product, as good as it gets. And number two, because this man has devoted his energy and his life to doing this, and I think he's been treated very unfairly by a very small group of people. And I just want people to know that you can't be penalized for being a patriot, and he's a great patriot. And he's also done an incredible job with Tesla and, I mean, nobody else. As a car company started up in the last 30 years, it's been successful, and I don't think so. And not only successful, but super successful. And because he's able to find billions and billions and billions of dollars of fraud and waste and all of the things, I mean, our country is going to be very strong very soon because of a lot of the things that he's done and a lot of the things that I'm doing. And there's no better team, but there's no better for what we're doing, there's nobody like this, and he shouldn't be penalized. And when I watched the other day, I said, I can't believe it. It should be the opposite. People should be going wild. And they love the product, but because he's finding all sorts of terrible things that have taken place against our country, they want to penalize him in an economic sense. And I just think that's very unfair. So I just wanted to make a statement. I'm going to buy one. Now, here's the bad news. I'm not allowed to drive because I haven't driven a car in a long time and I love to drive cars, but I'm going to have it at the White House and I'm going to let my staff use it. I'm going to let people at the place use it and they all are all excited about that. I'm not allowed to use it. Can you believe it? One of my great things in life is that I can, you know, I like to drive cars, but I'm not allowed to."
6. (SOUNDBITE) (English) US PRESIDENT DONALD TRUMP SAYING:
“But we didn't have these problems. I had no inflation. I had a great economy. He gave you high prices. You couldn't buy bacon. You couldn't buy anything. And also, I inherited a situation with eggs. The price of eggs was through the roof. Well, now the price of eggs has come down a lot. Interest rates have come down. Gasoline prices have come down. It's all coming down. It's all a beautiful thing. I can do it the right way or the wrong way. We're doing it the right way. And I have tremendous confidence in this country and the people of this country. much more so than if I sat back for four years and had a good time in the Oval Office."
7. (SOUNDBITE) (English) TESLA CEO ELON MUSK SAYING:
“I have an announcement to make that would be helpful. I want to say, as a function of the great policies of President Trump and his administration, and as an act of faith in America, Tesla is going to double vehicle output in the United States within the next two years. Double.”
8. (SOUNDBITE) (English) US PRESIDENT DONALD TRUMP SAYING:
“That's a big deal. That's great. Thank you. And by the way, he makes one car. This one I don't understand. This one I don't want, but that's okay. Without a steering wheel. It comes out next year. Right. Explain that, please."
9. (SOUNDNBITE) (English) TESLA CEO ELON MUSK SAYING:
“Yes. Well, the CyberCab starts production in Texas next year, and it's self-driving. We have so much confidence in the self-driving nature of it that it will actually not have a steering wheel. It will not have pedals. It'll either self-drive or not drive at all. But it'll self-drive.
10. (SOUNDBITE) (English) US PRESIDENT DONALD TRUMP SAYING:
“And I'm going to pass on that.”
(FILE FOOTAGE) WASHINGTON, THE U.S. (MARCH 11, 2025) (MANDATORY CREDIT - ‘DONALD TRUMP'S SOCIAL MEDIA ACCOUNT’ HANDOUT - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS— EDITORIAL USE ONLY) - US President Donald Trump denied reports Thursday that suggested he plans to destroy Elon Musk's companies by removing government subsidies.
"Everyone is stating that I will destroy Elon's companies by taking away some, if not all, of the large scale subsidies he receives from the US Government. This is not so," Trump wrote on Truth Social.
He emphasized his support for business success. "I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before," he said, adding it would be good for America if they are better.
"We are setting records every day, and I want to keep it that way,” he said.
Asked Wednesday about a recent agreement signed between Musk's artificial intelligence company xAI and the Pentagon, White House spokeswoman Karoline Leavitt said she believed Trump did not support the idea of federal agencies contracting Musk's companies. Leavitt said she would need to speak with the president about the cancellation of existing contracts.
Trump's statement comes amid a significant clash with Musk that ended their cooperative relationship. The dispute centers on Trump's tax and domestic policy bill, which Musk called a "disgusting abomination."
Musk has made sharp personal criticisms, suggesting Trump should be impeached and announced the creation of a new "America Party."
Trump threatened to cancel government contracts with Musk's companies like SpaceX, expressing disappointment in the billionaire who had supported his 2024 reelection campaign and led the Department of Government Efficiency.
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