Donald Trump made it clear on Thursday that he won’t be pulling the plug on federal subsidies going to Elon Musk, even as tensions between the two remain high.

Mar 22, 2025; Philadelphia, PA, USA; Elon Musk and President Donald Trump during the Division I Men's Wrestling Championship held at Wells Fargo Center. Mandatory Credit: Eric Hartline-Imagn Images/File Photo (Reuters) -President Donald Trump said on Thursday he would not destroy Elon Musk's companies by taking away federal subsidies and that he wants the billionaire tech-entrepreneur's businesses to thrive.

Tesla attributed the revenue decline to a drop in vehicle deliveries, less money from regulatory credit sales and a lower average selling price for its vehicles. Still, Musk struck an optimistic tone on Tesla’s post-earnings call and is banking on a rapid expansion of the company’s robotaxi service.

Musk glided past Tesla’s falling sales and loss of profits from car sales and EV credits on a call with Wall Street Wednesday evening as he described Tesla as a company in transition. He encouraged investors to look past Tesla’s poor financials and focus on its recent achievements with autonomous robotaxis and robots,

President Donald Trump's tariffs have so far cost the company $300 million, sales are dropping, and federal incentives for electric cars will end come