Trump to Elon Musk: “You Could Lose a Lot More Than the EV Mandate”

A once-strong alliance is starting to fracture. In a recent jab that caught headlines and market attention, former U.S. President Donald Trump said of Elon Musk: “He could lose a lot more than just the EV mandate.” The remark signals a deeper political rift between the two tech and policy heavyweights — one that could reshape parts of the innovation economy.

The Hook: From Ally to Adversary

At Coinday, we’ve followed the political-technological axis between Trump and Musk for years. Back in 2024, Foreign Policy reported how Musk’s silent endorsement and influence among tech voters bolstered Trump’s campaign. Tesla, at the time, had benefitted from over $2.8 billion in U.S. subsidies.

But things have shifted. Trump’s recent move to revoke California’s EV mandate on June 17, 2025 — as reported by POLITICO — sparked backlash from Musk, who sees the mandate as crucial to Tesla’s leadership in electric mobility. Since 2009, Tesla has earned nearly $9 billion in carbon credits, making regulatory support a major piece of its business model.

From DOGE Praise to Policy Threats

The tension is layered. As CNN Politics reported on June 6, 2025, Trump praised Musk’s work in the Department of Government Efficiency (DOGE), calling it one of the "few things Washington got right." Yet weeks later, Trump’s tone flipped — and not just over EV policy.

By saying Musk "could lose a lot more," Trump may be alluding to:

• 🛰️ Federal contracts for SpaceX and Starlink
• 🏛️ Tax incentives or regulatory status for Tesla
• 🌐 Public sentiment, especially in politically divided regions

Why This Clash Matters

This isn’t just a personal feud — it’s a political-economic conflict. Musk’s companies span defense, energy, communications, and transportation. Trump’s opposition to green mandates and centralized federal tech subsidies could directly threaten that ecosystem.

You, as an investor or market watcher, should note the ripple effects: Tesla’s regulatory leverage, Musk’s public image, and even the pricing of carbon credits could shift depending on how this plays out politically.

Final Thoughts

When two of the most influential figures in the U.S. tech-political landscape clash, markets feel it. What started as a statement about EVs may evolve into a broader test of Musk’s global empire — from launchpads to boardrooms. And in this election year, the stakes are only getting higher.

Disclaimer: This article is for informational purposes only and does not constitute political or financial advice. Always verify news sources and conduct your own analysis before making investment decisions.

Source : Twitter

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