Elon Musk and Donald Trump Publicly Clash Over Tax and Spending Bill
The long-standing alliance between former President Donald Trump and entrepreneur Elon Musk has deteriorated dramatically following Musk's outspoken opposition to Trump's recently passed tax and spending legislation. Once close associates, the two have exchanged public criticisms, highlighting a fracture in their relationship.
Musk's Opposition to the "One Big Beautiful Bill"
Elon Musk openly denounced the expansive tax and spending bill, dubbed the "One Big Beautiful Bill," which recently passed the U.S. House of Representatives. Musk criticized the legislation on social media platform X, describing it as a "massive, outrageous, pork-filled Congressional spending bill" and a "disgusting abomination." He implored lawmakers and the public to "kill the bill," expressing strong disapproval over its contents and rapid passage.
Trump Responds with Disappointment
In response, Donald Trump expressed his disappointment with Musk’s stance, remarking publicly, "Elon and I had a great relationship. I don't know if we will anymore." Trump argued that Musk was fully aware of the bill's provisions and implied that Musk's opposition only materialized after leaving his advisory role. He specifically pointed to changes in electric vehicle (EV) mandates embedded in the legislation, suggesting Musk's dissent was financially motivated.
Musk countered these claims on X, stating the bill was never presented to him for review and that its passage was so hasty that even members of Congress struggled to read it thoroughly.
Legislative Drama on Capitol Hill
The bill’s approval was marked by intense political maneuvering. House Republicans held an all-night session to secure the passage of the multi-trillion-dollar tax and spending package championed by Trump. Despite internal opposition, Speaker Mike Johnson managed to unite a slim majority, passing the bill by a narrow 215-214 vote, with Democrats unanimously opposing the measure.
Impact on Tesla and Broader Implications
Following the bill's passage, Tesla stock experienced a significant decline, falling over 8%. Key tax breaks for electric vehicle manufacturers were removed, dealing a blow to Musk’s company. The political rift has escalated, with Trump suggesting Musk suffers from "Trump derangement syndrome," while Musk criticized Trump for his "ingratitude," highlighting his substantial financial support during Trump's election campaign.
Escalating Exchanges and Personal Remarks
- Musk accused Trump of being ungrateful, reminding him of his role in securing the previous election victory.
- He echoed and mocked past controversial statements from Trump, including those concerning political figures.
- Musk referred to the legislation as "The Big Ugly Bill," warning it could increase the national deficit by $2.5 trillion.
- Despite the tensions, Musk shared nostalgic reminders of Trump's past endorsements of Tesla vehicles.
Conclusion
The once solid relationship between Elon Musk and Donald Trump has visibly crumbled amid significant policy disagreements and public recriminations. Their feud underscores the volatile intersection of politics, business interests, and personal dynamics within high-profile leadership spheres.
