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After weeks of silence following a conflict with Trump over the "Big Beautiful Bill," Musk finally "couldn't hold back," vowing to oust politicians who supported the bill from their positions.
Musk posted on his X account, stating that those who had previously advocated for spending cuts but later supported the bill "should hang their heads in shame," and "they will lose their primary next year if it is the last thing I do on this Earth."
Musk also threatened to print their faces on posters with the words "LIAR" and "VOTED TO INCREASE U.S. DEBT BY $5 TRILLION."
These posts quickly drew a response from U.S. President Trump, who claimed, "Elon Musk knew, long before he so strongly endorsed me for president, that I was strongly against the EV mandate. It is ridiculous...Electric cars are fine, but not everyone should be forced to own one. Elon may get more subsidies than any human being in history, by far."
"Without subsidies, Elon would probably have to close up shop and head back home to South Africa. No more
launches, satellites, or electric car production, and our country would save a Fortune. Perhaps we should have DOGE take a good, hard look at this? BIG MONEY TO BE SAVED!!!"Musk fired back sharply, directly commenting under Trump's post, saying, "Cut it all. now." He also made a separate post questioning, "What's the point of a debt ceiling if we keep raising it?"
Amid the feud, Tesla's share price once fell over 7% in after-hours trading.
For now,
still dominates the U.S. electric vehicle market. Despite recent volatility and a year-over-year revenue decline in early 2025, Tesla's market capitalization remains stable at over $1 trillion. Tesla's valuation is primarily supported by strong sales of the Model Y and Model 3, along with steady growth in energy generation and storage businesses.Analysts are divided on Tesla's future, with target prices fluctuating between $248 and $316, reflecting high expectations for its autonomous driving innovations while also highlighting concerns about increasing competition and regulatory pressures.
Musk had spent at least $250 million (approximately £182 million) supporting Trump's presidential campaign before leading the newly established "Department of Government Efficiency," which laid off around 120,000 federal employees. He argued that the new legislation would significantly increase U.S. national debt and erase the fiscal savings he claimed were achieved through DOGE.
During Senate discussions about the bill, Musk called it "utterly insane and destructive."
The Tesla and SpaceX CEO stated that the bill's massive spending showed American people "live in a one-party country–the PORKY PIG PARTY!!" In addition, he claims, "it's time for a new political party that actually cares about the people."
Musk had previously admitted that some of his social media posts "went too far" during his dramatic clash with Trump. He shared a series of posts, one of which described Trump's tax and spending bill as a "disgusting abomination".
In another since-deleted post, he claimed Trump appeared in documents related to the infamous pedophile financier Jeffrey Epstein. However, Musk later wrote, "I regret some of my posts about President @realDonaldTrump last week. They went too far."
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