Trump Denies Speculation He May Cancel Contracts With Elon Musk’s AI Company

After his press secretary suggested the president would not support agencies contracting with Musk’s businesses, Trump said he wants Musk “to THRIVE.”

White House press secretary Karoline Leavitt speaks during a briefing.
Evan Vucci/AP

President Donald Trump denied Thursday that he plans to take away subsidies Elon Musk’s businesses receive from the government.

“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!” he posted on Truth Social.

“I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!” he continued. “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!”