4.8 • 56 Ratings
🗓️ 1 July 2025
⏱️ 7 minutes
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0:00.0 | Let's at Tesla, because actually it is now the worst performer in the Mag 7 this year, falling |
0:04.7 | below Apple after the feud between Musk and Trump erupted again overnight for today's |
0:09.7 | tech check segment, Steve Kovac, on the parts of Musk's empire that could be vulnerable here |
0:14.6 | by retaliation, Steve, after Trump reiterated this morning when he touched down in Florida that |
0:19.9 | Doge is going to go after Musk. |
0:21.9 | Yeah, some direct threats there, or at least implied threats there, Sarah. |
0:25.4 | But look, over this big, beautiful bill, Musk over the last couple of days, have been mostly |
0:29.3 | criticizing the deficit and debt spending aspects of the bill and threatening to fund |
0:34.5 | primary campaigns against Republicans who vote for it. |
0:37.4 | But beyond that, there's a lot in this legislation that would have a negative impact on Musk's empire of companies. |
0:44.0 | And if things escalate even more than they already have between Musk and the president, |
0:47.7 | the government has even more tools to make business difficult for Mr. Musk. |
0:51.9 | Now, since 2003, Musk's companies have received about $23 billion |
0:57.0 | in funding from the federal government, most of that, of course, from NASA paying SpaceX |
1:01.0 | for those rocket launches, according to the Washington Post. Now, Wired also estimated back in June |
1:06.6 | when the first battle between these two men started that Musk's empire stands to miss $48 billion |
1:13.2 | in federal funds over the next decade if Trump decides to cancel all those Musk-related contracts. |
1:18.4 | Again, most of that would be SpaceX. |
1:20.7 | Last hour, Trump implied Doge, the Department of Government Efficiency that Elon Musk himself |
1:26.7 | helped found it could turn against |
1:28.5 | Musk and cut his company's contracts. |
1:31.8 | The President is saying it's going to save a lot of money on top of that. |
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