Trump vs. Musk: A Clash of Titans Over Federal Subsidies

In a dramatic escalation of tensions, U.S. President Donald Trump has threatened to slash billions in federal subsidies received by Elon Musk's companies, intensifying a bitter public feud. Once allies, Trump and Musk are now at odds over a contentious tax-cut bill that could jeopardize Tesla's subsidies.

The dispute reignited as Musk criticized the bill, which threatens valuable subsidies benefiting Tesla's electric vehicle market position. In response, Trump warned Musk could lose much more than subsidies. This tit for tat could impact future legislation and potentially harm Republican prospects in upcoming elections.

The ramifications of this clash may pose significant challenges for Musk's ventures, especially Tesla, which relies on such subsidies for growth. Analysts predict difficult quarters ahead as Tesla's global sales suffer, further aggravated by political ties that alienate potential buyers. The confrontation underscores complex intersections between politics and business interests.

(With inputs from agencies.)