Elon Musk and Trump’s Feud Escalates Amid Political Tensions and Threats
Elon Musk threatens to form a new political party targeting GOP lawmakers, while Trump retaliates with threats against Musk's businesses and immigration status.
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Overview
- Elon Musk is threatening to form the 'America Party' to challenge GOP lawmakers who supported the controversial tax cuts bill.
- Trump has escalated tensions by threatening Musk with deportation and potential cuts to federal subsidies for his companies.
- Musk has repeatedly criticized Trump's spending bill, calling it a 'disgusting abomination' that could harm job growth.
- The feud between Musk and Trump has intensified, with public threats and jabs exchanged since their fallout last month.
- Trump has put Musk in charge of the Department of Government Efficiency, aiming to cut spending and review subsidies related to Musk's businesses.
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Analysis
Center-leaning sources frame the Musk-Trump feud as a significant political and business conflict, highlighting tensions over government spending and tax policies. The authors exhibit skepticism towards both figures, suggesting potential repercussions for Musk's business interests while acknowledging investor optimism. Implicit biases reflect concerns about their intertwined influence on policy and market dynamics.
Elon Musk and President Donald Trump are engaged in a heated feud over tax breaks and spending cuts.
The Senate bill, if passed, would add an estimated $3.3 trillion to the national debt over the next decade.
Trump criticized Musk for his stance on electric vehicle subsidies and mandates.
Musk has repeatedly criticized the tax cuts and spending bill as a 'disgusting abomination.'
Musk acknowledged blowback to actions taken by his Department of Government Efficiency project, which may have impacted Tesla sales, prompting him to step down from his role at the end of May.
Despite a drop in stock price, investors are optimistic about the company's shift towards self-driving taxis and robotics, driving its market valuation close to $1 trillion.
Analysts predict that the recent tensions between Musk and Trump will be brief due to Musk's dependence on the government and expect the conflict to subside in the future.
The bill proposes increased border security spending, permanent Trump tax cuts from 2017, and $1 trillion in cuts to Medicaid, while also imposing new restrictions that could result in millions losing healthcare coverage.
Musk believes a new political party is necessary to address viewpoints not represented by the GOP.
Elon Musk plans to create a new political party, the America Party, if the Republicans pass the spending bill.
Trump is considering removing government subsidies that Musk's companies receive.
Elon Musk criticized Congress members for voting for the largest debt increase in history after campaigning on reducing government spending, stating that they should hang their heads in shame.
Musk criticized the bill, claiming it would harm job growth and hinder emerging industries.
Trump suggested the idea of deporting Elon Musk back to South Africa.
Trump hinted at the possibility of using Dogecoin to harm Elon Musk's companies and even suggested deporting Musk.
Musk publicly accused Trump of having ties to Jeffrey Epstein based on information in the Justice Department's files.
Trump threatened to punish Elon Musk for his opposition to the tax cuts and spending package.
Musk is reconsidering his position on political spending, potentially reversing his previous plan to reduce spending significantly.
Trump threatened to target Musk's business interests in retaliation for his criticism.
Articles (35)
Center (14)
"…Strong personalities can, you know, sometimes really conflict with one another."
USA TODAY·6h·"…Musk has long been critical of Trump's signature bill, arguing it balloons the deficit."
USA TODAY·6h·"…Musk acknowledged there had been “some blowback” to the actions taken by his Department of Government Efficiency project that may have affected Tesla sales."
NBC News·7h·"…Musk suggested that the “America Party” would be formed if “this insane spending bill passes,” saying the U.S. “needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.”"
Chicago Tribune·9h·"…Tesla's stock price has fallen roughly 21% this year, with the company's sales tumbling in Europe and Musk's involvement with the Trump administration alienating at least some customers in the U.S."
CBS News·9h·"…Musk suggested that the 'America Party' would be formed if 'this insane spending bill passes,' saying the U.S. 'needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.'"
Associated Press·10h·"…It's disappointing that Musk and other deficit hawks haven't made a big dent in the White House, or shaped Trump's thinking very much, but I like Musk's pivot from voice to exit: A new political party (or perhaps PAC?), generously funded by Musk, to support a movement of legitimate fiscal conservatives feels like just what we need during a time of ascendant socialism and populist right-wingers intent on spending us silly."
Reason·11h·"…The proposed legislation includes increased spending for border security, defence and energy production that would be partially offset by controversial cuts to healthcare and food-support programmes."
BBC News·11h·"…The war of words between billionaire Elon Musk and President Donald Trump over the big bill of tax breaks and spending cuts is heating up again, with Musk claiming he may form a new political party and Trump blasting the Tesla CEO over electric vehicle subsidies."
ABC News·11h·"…The tensions flared back up as the Tesla CEO again went after the Big, Beautiful Bill, saying that it would force the U.S. into 'debt slavery.'"
Deadline·11h·"…Musk ramped up his criticism of the bill just three days ago, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries."
Associated Press·12h·"…Trump's attacks came after Musk, the world's richest man, resumed his criticism of Trump's so-called "big, beautiful bill" in a flurry of X posts on Monday."
USA TODAY·12h·"…Musk warned the party he bankrolled in November with a quarter billion of his own personal wealth that it could see them wiped out come next year’s mid-term elections."
Fortune·12h·"…Trump threatened to have the Department of Government Efficiency re-examine government support for Elon Musk's businesses, saying in a Truth Social post shortly after midnight that there was "big money to be saved.""
NBC News·13h·FAQ
Elon Musk wants to form the 'America Party' as an alternative to the existing Democrat-Republican uniparty, specifically to challenge GOP lawmakers who supported what he calls an 'insane spending bill' that increases the national debt significantly.
Donald Trump escalated tensions by threatening Elon Musk with deportation and the potential removal of federal subsidies for Musk's businesses after Musk criticized Trump's domestic policy spending bill.
Elon Musk was in charge of the Department of Government Efficiency (DOGE), a role in which he aimed to cut spending and review subsidies related to his businesses, but this tenure ended before the feud intensified.
Elon Musk has repeatedly criticized Trump's spending bill as a 'disgusting abomination' that would harm job growth and result in the biggest debt increase in history.
The 'America Party' could provide an alternative to the entrenched two-party system, potentially giving voters a new voice and challenging incumbent GOP lawmakers who support increased government spending.
History
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16 articles - 11h9 articles