Tesla CEO Blasts Senate Bill, Warns of 500,000 Job Losses

In a series of public statements, the CEO of Tesla has strongly criticized the latest tax and spending bill proposed by the U.S. Senate, describing it as "extremely destructive" and warning that it could have profound negative impacts on the U.S. economy and future industrial development. The CEO's criticism was directed at nearly all incumbent Republican congress members who supported the bill, vowing to ensure their defeat in the upcoming midterm elections. The CEO argued that these members, who had promised to reduce government spending during their campaigns, should be ashamed for voting in favor of the largest increase in debt in history.

The CEO's remarks came after the Senate passed the updated version of the bill, known as the "Big Beautiful Bill," with a narrow 51-49 vote. The bill includes provisions to eliminate the 7,500 dollar tax credit for consumers purchasing electric vehicles, a move that has drawn significant criticism from the CEO and other advocates of clean energy. The CEO warned that reducing subsidies for electric vehicles and clean energy would destroy hundreds of thousands of jobs and have "incredible destructive" effects on the U.S. economy. The CEO also suggested that supporting the bill would be political suicide for the Republican Party.

The CEO's criticism has sparked a heated exchange with Trump, who accused the CEO of receiving more subsidies than any other individual in history and suggested that without these subsidies, the CEO's companies would have gone bankrupt and returned to South Africa. The also criticized the CEO's support for electric vehicle policies, which he described as "ridiculous" and a key issue in his presidential campaigns. The CEO responded to these accusations by calling for an immediate end to all subsidies.

The bill, which is a comprehensive package covering tax cuts, increased defense and border security spending, and reductions in social welfare programs, has faced opposition from some Republican members of the House of Representatives. These members have expressed concerns about the significant cuts to medical assistance included in the Senate version of the bill. The bill will now return to the House for further voting, where it is expected to face additional challenges.

The CEO's public statements have highlighted the deep divisions within the Republican Party over the bill. The CEO's criticism of the bill has been echoed by other industry leaders and environmental advocates, who argue that the bill's provisions to reduce subsidies for clean energy and electric vehicles will have long-term negative impacts on the economy and the environment. The CEO's call for the establishment of a new political party that truly cares about the people has also gained traction, with some political analysts suggesting that this could be a significant development in U.S. politics.

The CEO's criticism of the bill and the Republican Party's handling of it has also raised questions about the future of U.S. energy policy. The CEO's support for clean energy and electric vehicles has been a key part of his public image, and his criticism of the bill has been seen as a challenge to the Republican Party's traditional stance on energy policy. The CEO's call for an end to all subsidies has also been seen as a challenge to the current system of government support for various industries, and has sparked a debate about the role of government in the economy.

The CEO's public statements have also highlighted the growing divide between the Republican Party and the business community. The CEO's criticism of the bill and the Republican Party's handling of it has been seen as a sign of growing frustration among business leaders with the party's policies and priorities. The CEO's call for the establishment of a new political party that truly cares about the people has also been seen as a challenge to the Republican Party's dominance in U.S. politics, and has sparked a debate about the future of the party and its role in the country's political landscape.