Before cochairing DOGE, the pharmaceutical entrepreneur also reportedly suggested Musk's companies would cease to exist without government subsidies and contracts.
Some of Ramaswamy’s remarks, first reported on Wednesday by CNN, foreshadowed critiques that other observers have since levied against Musk: namely, that the Trump mega-donor and Tesla and SpaceX CEO stands to benefit personally from his perch in the second Trump administration. Last year alone, Musk’s companies did almost $3 billion of business with 17 federal agencies, The New York Times reported.
“I have no reason to think Elon won’t jump like a circus monkey when Xi Jinping calls in the hour of need,” Ramaswamy said on his podcast in May 2023. Musk publicly addressed Ramaswamy’s criticisms once, in April of that year, after Ramaswamy accused him of “doubling down” on his relationship with the Chinese Communist Party on X. “Wrong on many levels. Tesla is increasing production rapidly in Texas, California & Nevada,” Musk fired back.
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