Elon Musk hit back at President Trump’s claim that he didn’t want to strip the mogul’s companies of his government subisidies. Trump seemingly extended an olive branch after the public falling out between the two by denying reports that he had it out for Musk.

President Donald Trump walked back his earlier attacks on Elon Musk and his companies. Trump said Musk's businesses would continue to enjoy federal subsidies. But Musk said the subsidies Trump was talking about "simply do not exist."

In the ensuing public clash last month, Trump repeatedly threatened to terminate government subsidies and contracts with Musk’s companies. He even suggested siccing Musk’s DOGE on its former handler, posting: “Elon may get more subsidy than any human being in history, by far…. Perhaps we should have DOGE take a good, hard, look at this?”