Trump Suggests DOGEcoin Audit Elon Musk’s Subsidies to Save “Big Money”

On July 1, 2025, former President Donald Trump reignited his feud with Elon Musk by proposing that his Department of Government Efficiency (DOGE) investigate the hefty subsidies awarded to Musk’s companies—Tesla, SpaceX, and others—to save the federal government “a fortune.”

📌 What Trump Said

Trump posted on Truth Social: “Elon may get more subsidy than any human being in history… No more rocket launches, satellites, or electric car production…and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard look at this? BIG MONEY TO BE SAVED!!!”

Why This Matters

Big Subsidies: Musk reportedly receives more federal support than any individual in history. :contentReference[oaicite:3]{index=3}
Broke Trump‑Musk Alliance: Musk criticized Trump’s massive “Big, Beautiful Bill,” prompting Trump to threaten government contracts.
Political Fallout: Their rift may influence 2026 elections and cause volatility in Tesla shares and Dogecoin sentiment.

The Rise and Fall of DOGE

The Department of Government Efficiency—or DOGE—was Trump’s brainchild in early 2025, inspired by Musk’s infatuation with Dogecoin. Musk initially spearheaded DOGE as a cost-cutting mission with reported savings of up to $180 billion—but critics insist the actual net savings are much lower.

As Musk distanced himself over ideological disagreements and business strain, Trump moved to investigate Musk’s government support through DOGE.

Market Fallout: Dogecoin & Tesla

The public clash hit markets hard:

Dogecoin plunged as Musk–Trump ties frayed, with crypto sentiment souring.
Tesla stock stalled: Analysts estimate roughly $150 billion wiped off Tesla market cap amid uncertainty.

Context: From “First Buddy” to Factions

Once dubbed “First Buddy,” Musk backed Trump heavily—including talking roles and PAC donations in 2024.

But their relationship soured: Trump accused Musk of enjoying excessive subsidies; Musk retaliated by threatening Congressional primaries and forming a new “America Party.”

What’s Next?

Subsidy Audit: DOGE may launch official audits into Tesla, SpaceX subsidy structures.
Contracts at Risk: Trump warned of cancellation of federal contracts tied to Musk.
Regulatory Headwinds: Alphabet political forces may reshape EV, space, and energy policies.

Implications for Investors

If DOGE’s audit proceeds:

Tesla investors
Crypto traders

Wall Street tech analyst Dan Ives remains cautiously optimistic, citing broader AI and crypto-friendly policy momentum despite the Trump-Musk discord. :contentReference[oaicite:13]{index=13} SEO-Relevant Internal & External Links Trump–Musk Feud: A Timeline How Politics Affects Dogecoin Prices Tesla on Wikipedia DOGE on Wikipedia Investopedia (Musk & Dogecoin) Conclusion: Trump’s call for DOGE to audit Elon Musk’s subsidies underscores a deeper political and fiscal showdown. With Dogecoin and Tesla caught in the crossfire, markets may head into choppy waters as the DOGE department flexes its oversight powers. Investors and policymakers alike should prepare for scrutiny, volatility, and policy shifts ahead.

Thanks for reading for more news please visit our website

this post by investing.com