Last week, tension escalated between Donald Trump and Elon Musk, culminating in Trump threatening to terminate Musk's government subsidies, which could jeopardize Tesla's stock value. Following Trump's declaration, Tesla shares dropped 14%, reflecting concerns over Musk's financial stability. Despite the threat, many of Musk's businesses, particularly SpaceX, are vital to government operations, making outright termination of contracts improbable. However, the article suggests Trump could revoke Musk's security clearances, impacting Musk's role at SpaceX and hindering his access to classified projects, thereby undermining his effectiveness as CEO.
"The easiest way to save money in our Budget, Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts."
"Tesla stock, the main source of Musk's wealth, had almost doubled in value... but plummeted by 14 percent the day Trump mused about canceling his contracts."
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