EU asked to say how much funding given to Elon Musk's firms

German Green EU lawmaker Daniel Freund sent a letter to the European Commission on Tuesday, requesting "a detailed list of EU funding allocated to companies owned or controlled by Elon Musk" over the past five years. The companies mentioned includ...

Reuters
The EU faced questions on Wednesday over how much of its money goes to tech billionaire Elon Musk's companies as tensions ramp up between the new US administration and Brussels.

US President Donald Trump has criticised the European Union, claiming it was "formed in order to screw the United States", and has threatened the bloc with higher tariffs.

One of Trump's biggest allies is Musk, whose social media platform X faces an EU probe. Musk has accused the EU of censorship with its content moderation rules.


German Green EU lawmaker Daniel Freund sent a letter on Tuesday to the European Commission, the bloc's executive arm, asking for "a detailed list of EU funding allocated to companies owned or controlled by Elon Musk" over the past five years.

The businesses named included SpaceX, Tesla, X, Neuralink, The Boring Company, xAI and "any other relevant entities linked" to Musk.

Freund said he wanted details of "grants, tenders, subsidies" including any money spent on advertising on social media platforms owned or controlled by him.
ADVERTISEMENT

"Trump's MAGA crowd including Musk have the clear aim to weaken or even destroy the EU. So we should have a very close look at the EU funding we provide to them," Freund told AFP on Wednesday.

"For me it's clear: the EU should not give millions to people that want to destroy it."
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › EU asked to say how much funding given to Elon Musk's firms
Text Size:AAA
Success
This article has been saved

*

+