"Everyone is stating that I will destroy Elon's companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government," Trump wrote in a post on Truth Social.

President Trump said on Thursday that he wanted to see Elon Musk's companies thrive, one day after the White House said he didn't want Musk's xAI to get government contracts.

Musk scored the contract for up to $200 million with the Department of Defense alongside three other major tech firms — Anthropic, Google and OpenAI.