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In a bold statement released Thursday, President Donald Trump shut down swirling rumors that he intends to cripple Elon Musk’s companies by cutting off federal subsidies. “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!” Trump declared in a Truth Social post. The president emphasized his support for American innovation and business success, distancing himself from speculation that his administration might take aim at Musk’s government-backed ventures like Tesla or SpaceX. “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!” Trump added. He framed business success as central to America’s broader prosperity: “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!” The comments come amid ongoing online chatter and political speculation about the future of federal subsidies, especially for green energy and tech firms. Musk, who has occasionally clashed with Trump in the past but also shared common policy interests, has not responded publicly to the statement. For now, Trump is making it clear: he’s not after Elon’s companies — he wants them, and all of American business, to soar.