Elon Musk has launched a scathing attack on President Donald Trump’s flagship tax and spending legislation, criticizing it as a “disgusting abomination” and warning it could harm Tesla’s business.
Elon Musk sharply criticized Donald Trump’s signature tax and spending package, denouncing it as a “disgusting abomination” in a post on his social media platform X. The comments marked a rare public break with the president and came just days after Musk was honored at a White House farewell for his role leading the Department of Government Efficiency.
“I’m sorry, but I just can’t stand it anymore,” Musk wrote. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.”
The legislation, which has already cleared the House and is now being debated in the Senate, proposes major tax breaks and spending cuts that align with Republican economic priorities. However, it also includes provisions that would phase out subsidies and tax incentives benefiting electric vehicle makers like Tesla - a move that directly threatens Musk’s business interests.
The clash highlights growing tensions between Musk and GOP leadership, despite his previous alignment with the Trump administration on deregulation and innovation. While Musk has enjoyed close ties with Washington under Trump, his latest outburst signals a possible shift in his political posture.
Musk’s criticism could also influence how key stakeholders and investors view the legislation’s impact on clean energy industries. Analysts say the bill’s passage could pose significant challenges to companies in the EV space, particularly Tesla, which has long relied on government incentives to maintain its competitive edge.
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European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Iran will not let a single particle of its enriched nuclear material leave the country, and any new U.S. attack would be met with strikes on distant American bases, Iranian security chief Mohsen Rezaei has said.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Kazakhstan’s security service has arrested Nurlan Zhakupov, CEO of Samruk-Kazyna, the country’s sovereign wealth fund, on suspicion of corruption. Yelzhas Otynshiyev, Chairman of KTZ, Kazakhstan’s national railway firm has also been detained.
Eight people have been killed and at least 17 injured after an apartment building collapsed into a neighbouring construction site in Brooklyn, New York, as rescuers continued searching the rubble for possible survivors.
BMW is recalling more than 720,000 vehicles in the U.S. over a fire risk, warning owners to park outside and away from buildings until repairs are completed. The recall follows 10 reported fires involving cars previously repaired for the same fault.
The United Nations Children’s Fund (UNICEF) says 3.7 million children in Afghanistan are suffering from acute malnutrition, as worsening drought and funding shortages threaten to deepen the crisis amid the COP31 climate summit in Türkiye.
A consortium of Türkiye’s Limak and Qatar’s HBK Contracting has won an international tender to build and operate a new airport terminal in Bukhara, Uzbekistan, under a 23-year public-private partnership, with the project potentially costing up to $300 million.
Spain’s parliament has approved a government package aimed at easing the country’s housing crisis, a day after workers staged the first general strike in 14 years over soaring housing costs.
Here's your AnewZ Technology Daily Brief for the 13th of November. This week, a Microsoft outage hit Australian agencies, Google restricted mapping data in South Korea, a lawsuit targeted advanced AI development, and Nvidia faced a leadership crisis after Jensen Huang's resignation.
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