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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Leaders of the world's leading industrialised democracies are gathering in the French resort town of Evian-les-Bains for the latest Group of Seven (G7) summit on Monday, with the wars in Ukraine and Iran, economic tensions and artificial intelligence expected to dominate discussions.
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Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Leaders of the world's leading industrialised democracies are gathering in the French resort town of Evian-les-Bains for the latest Group of Seven (G7) summit on Monday, with the wars in Ukraine and Iran, economic tensions and artificial intelligence expected to dominate discussions.
The UK has become the latest country to annouce a social media ban for children under 16. British Prime Minister Keir Starmer made the announcement on Monday, adding that he will impose restrictions on gaming and livestreaming platforms as well.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 15 June, covering the latest developments you need to know.
Leaders of the Group of Seven wealthy nations will meet at a French lakeside resort on Monday against a backdrop of preliminary deal to end U.S. and Iran war reached by both sides.
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