The relationship between former President Donald Trump and tech billionaire Elon Musk has taken a sharp turn after Musk voiced strong opposition to a significant tax bill currently under consideration in the Senate. Trump recently criticized Musk, suggesting that the Tesla CEO’s discontent stems from the proposed elimination of electric vehicle (EV) tax credits and Trump’s decision to withdraw Musk’s preferred candidate for NASA’s leadership.
“I’m very disappointed in Elon. I’ve helped Elon a lot,” Trump remarked during a press briefing at the White House. In response, Musk took to his social media platform, X, to express his frustration with the legislation, stating, “Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!),” and denouncing the overall contents of the bill as “disgusting.”
The conflict escalated as Musk highlighted his significant financial contributions to Trump’s 2024 campaign, amounting to over $250 million. He asserted, “Without me, Trump would have lost the election,” emphasizing what he perceives as Trump’s ingratitude following his support.
This turbulence comes at a time when Musk had recently exited a temporary governmental role focused on federal budget reductions, just after receiving praise from Trump during a public event. Trump’s comments reveal a contrasting view of the bill, which he has called “One, Big, Beautiful Bill,” while Musk labeled it a “disgusting abomination.”
This situation underscores the complexities and fluctuating dynamics between political and business interests, particularly in light of major legislative actions that could affect key industries like electric vehicles. Despite their falling out, this conflict offers insight into how powerful figures navigate their influences within the political landscape.
The developments highlight the importance of advocacy for EV incentives, as the elimination of such credits may have broader implications for the growth of the electric vehicle market and environmental progress.