US President Donald Trump on Thursday claimed that he did not plan to end Allen Musk’s companies in the US. Trump said that he needs Musk and all other companies in the country and he wants these business to grow rapidly.

Controversy arose over subsidy
Recently, Trump had threatened that he would stop subsidy of billions of dollars received by Musk’s companies. But now he wrote on Truth Social,

“People are saying that I will end Allen’s companies, this is not true. I want Allen and every company of our country to flourish. The better it does, the more America will move forward.”

Old confrontation between Trump and Musk
Alan Musk, once a supporter of Trump, now often criticizes Trump. Their paths were separated when Musk left the Department of Government Efficiency. After this, there was a war of war between the two.

Controversy over ‘Big Beautiful Bill’
Musk recently criticized Trump’s bill called Trump “Big Beautiful Bill”. This bill will end the subsidy on electric vehicles, which till now used to give great benefit to Tesla.

In response to Trump’s threat, Musk had indicated that he would form a new political party. A few days later he announced ‘American Party’. He said that this party has been formed to return their freedom to the people.

Crisis hovering over Tesla
Musk’s largest company Tesla can be the most affected by this quarrel. Tesla is suffering heavy losses due to changes in rules like EV Tax Credit. On Thursday, the company’s shares came to $ 307.05, which is a decline of 7.67%.

Robotaxi project and government role
Tesla’s next big stake is on robotaxi, which is being tested in Austin, Texas. These vehicles will run without steering and break-paddle. Its decision will be US Transportation Department, which regulates the vehicle design.

Subsidy and government contracts
Tesla has so far earned $ 11 billion, only by selling regulatory credits to companies that do not follow EV rules.
At the same time, another Musk’s company Spacex has received contracts of about $ $ 22 billion from the US government.

Political impact and concern about Republican
Trump and Musk’s fight can become a headache for the Republican party. The party fears that this dispute may be lost in the 2026 mid-term elections. At the same time, Treasury Secretary Scott Besant replied on the criticism of Musk,- “I will take care of the country’s money-“

US President Donald Trump on Thursday claimed that he did not plan to end Allen Musk’s companies in the US. Trump said that he needs Musk and all other companies in the country and he wants these business to grow rapidly.

Controversy arose over subsidy
Recently, Trump had threatened that he would stop subsidy of billions of dollars received by Musk’s companies. But now he wrote on Truth Social,

“People are saying that I will end Allen’s companies, this is not true. I want Allen and every company of our country to flourish. The better it does, the more America will move forward.”

Old confrontation between Trump and Musk
Alan Musk, once a supporter of Trump, now often criticizes Trump. Their paths were separated when Musk left the Department of Government Efficiency. After this, there was a war of war between the two.

Controversy over ‘Big Beautiful Bill’
Musk recently criticized Trump’s bill called Trump “Big Beautiful Bill”. This bill will end the subsidy on electric vehicles, which till now used to give great benefit to Tesla.

In response to Trump’s threat, Musk had indicated that he would form a new political party. A few days later he announced ‘American Party’. He said that this party has been formed to return their freedom to the people.

Crisis hovering over Tesla
Musk’s largest company Tesla can be the most affected by this quarrel. Tesla is suffering heavy losses due to changes in rules like EV Tax Credit. On Thursday, the company’s shares came to $ 307.05, which is a decline of 7.67%.

Robotaxi project and government role
Tesla’s next big stake is on robotaxi, which is being tested in Austin, Texas. These vehicles will run without steering and break-paddle. Its decision will be US Transportation Department, which regulates the vehicle design.

Subsidy and government contracts
Tesla has so far earned $ 11 billion, only by selling regulatory credits to companies that do not follow EV rules.
At the same time, another Musk’s company Spacex has received contracts of about $ $ 22 billion from the US government.

Political impact and concern about Republican
Trump and Musk’s fight can become a headache for the Republican party. The party fears that this dispute may be lost in the 2026 mid-term elections. At the same time, Treasury Secretary Scott Besant replied on the criticism of Musk,- “I will take care of the country’s money-“

Elon Musk on Donald Trump: Tech world veteran and Tesla CEO Alan Musk has directly attacked former US President Donald Trump. Defending its new political party, Musk said that the party has been raised against the unipartity of the collusion of Republican and Democrats. He described it as necessary to protect America’s independence and democracy.

Donald Trump joked Musk’s new party

Earlier, President Donald Trump described Musk’s new party as a joke and said that he can enjoy it because it will simply increase chaos. This rhetoric between Trump and Musk has happened at a time when the conflict between the two is increasing.

After Trump’s statement, Musk posted a famous quote from the popular science-fiction novel Dune on X (first Twitter), “Fear is the mind-killaer. Fear is the little death that brings total obliteration.” (Fear is real mental destruction. Fear is a small death that brings complete destruction.)

Musk’s sharp reaction to ‘One Big Beautiful Bill’

On Saturday, Elon Musk also criticized Trump’s new tax and expenditure bill (One Big Beautiful Bill) while announcing the America Party. He said that when it comes to destroying the country from debt and corruption, there is no opposition in America, all seem to be a part of the same party.

Musk wrote on X, “When the country is being destroyed by debt and corruption, we feel that we are living not in democracy, but in the dictatorship of a party. America party is made to change this so that your freedom can be returned to you.”

Signs of increasing collision in trump-psych

The rhetoric between Trump and Musk is indicating that America party can become a new challenge for the Republican party in the upcoming elections. Now the eyes are on how seriously Allen Musk and his party contest in the 2026 Midator Election and the 2028 presidential election.

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Big beautiful bill: The lower House of the US Parliament has passed the ‘One Big, Beautiful Bill Act’ by the House of Representatives. This law of the entire 1,116 pages gives a glimpse of Trump’s policies regarding border security, tax and expenses. This bill is an attempt to pursue Trump’s 2017 tax cuts.

Remitttent tax cut so much reduction

In this bill, millions of foreign workers working in America have been given relief, send money outside the country. In the final version of the bill, the remedy tax has been reduced from 5 percent to 3.5 percent. It will be effective from January 1, 2026. Remittance tax means tax levied on sending money from a country to another. This will also affect a large number of Indian migrants living in America.

According to data from the Migration Policy Institute, the number of NRIs living in the US was more than 2.9 million by 2023. With this, America became the second most popular destination after the United Arab Emirates in the world. After Mexican, Indians also represent the second largest foreign origin group living in the US, which is 6 percent of the country’s 47.8 million foreign origin residents.

American citizens get exemption

Under this new bill of Trump, remedies tax will be applicable only to non-American citizens. American citizens have been exempted from this. Those who are affected will include Green Card holder and people living on employment visas. That is, if any Indian person earning in America will send 5000 rupees from his earnings to his village or city, then he will have to pay tax on it. This deduction in Remittance Tax was done after several weeks of talks.

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