Trump Threatens To Reassess Support For Musk Amid Spending Bill Feud
Feud between Trump and Musk escalates dramatically
President Trump has raised eyebrows by threatening to reassess government support for Elon Musk’s ventures, following Musk’s vitriolic criticism of a GOP spending package. “Big money to be saved”, Trump remarked on Truth Social in the wee hours, asserting that Musk may be the most subsidised individual ever, hinting that without those funds, his operations could dwindle to nothing. Notably, Musk once seemed a firm ally, but their relationship has soured dramatically after Musk’s criticism of the so-called ‘big, beautiful bill’.
Musk boldly threatens to form a new political party
In his posts, Musk slammed the proposed legislation and floated the idea of creating a new political party if it gets passed. He claimed, “If this insane spending bill passes, the America Party will be formed the next day,” giving his take on the need for an alternative to the current political duo of Democrat and Republican. His discontent is clear; he warned lawmakers who support the bill could face consequences in the primaries, saying he would ensure their defeat if he has to ‘make it the last thing I do on this Earth’.
Market reacts to feuding tech titans
The repercussions were felt almost immediately in the markets, with Tesla shares plummeting by 6% before trading even began. This isn’t the first time Musk has taken a swipe at the government; just days post his White House departure, he labelled the GOP bill a “massive, outrageous, pork-filled” disaster. As Congress continues its deliberation, controversial provisions in the bill could potentially swell the national debt by a staggering $3.3 trillion, while nearly 12 million individuals may lose health insurance due to cuts in Medicaid.
