India, July 24 -- US President Donald Trump on Thursday denied claims of destroying Elon Musk's companies in America, saying 'he wants' the billionaire businessman and all the other businesses within the States.

Earlier this month, Trump had threatened to cut off billions of dollars in subsidies that Elon Musk's companies receive from the federal government.

In contrary, Trump posted on Truth Social, "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. This is not so! I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before! The better they do, the better the USA does, and that's good for all o...