Trump Says He Wants Musk’s Companies to ‘Thrive Like Never Before’

‘The better they do, the better the USA does, and that’s good for all of us,’ the president said.

Tesla CEO Elon Musk shakes hands with President Donald Trump as they speak to reporters in the Oval Office on May 30, 2025. Kevin Dietsch/Getty Images

President Donald Trump on July 24 said that he does not want to revoke tech billionaire Elon Musk’s contracts with the U.S. government, a day after the White House signaled that it may no longer be doing business with Musk’s artificial intelligence company.

“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,” Trump wrote on Truth Social. “This is not so!”