Trump vs. Musk: Federal Subsidy Showdown

President Donald Trump made a clear announcement on Thursday that he has no intention of depriving Elon Musk's companies of federal subsidies. Trump emphasized his desire for Musk's businesses to prosper, dismissing rumors of potential subsidy cuts threatening the tech magnate's ventures.

The announcement comes in the wake of a public fallout between Trump and Musk, following disputes over tax policies. Musk, who has warned Tesla investors about the potential impact of reduced government support for electric vehicles, sees a troubled future should those fears come to fruition.

Amidst growing tensions, the administration is expanding its partnerships for the Golden Dome missile defense project, historically a SpaceX stronghold, as possible retaliation looms over Musk's decision to openly criticize Trump's policies.

(With inputs from agencies.)