Musk: Tesla (TSLA.O) has no government contracts, and President Trump has already canceled federal subsidies for electric vehicles. SpaceX (SPCX.O) has contracts with the government that not only provide the best products but also the lowest prices.

2026-11-07

Musk: Tesla (TSLA.O) has no government contracts, and President Trump has already canceled federal subsidies for electric vehicles. SpaceX (SPCX.O) has contracts with the government that not only provide the best products but also the lowest prices. Furthermore, government revenue is expected to account for less than 10% of SpaceX's total revenue this quarter and will drop below 5% in a year. If the government doesn't want to continue working with us, we're happy to cancel any contracts—just say the word!