Tesla CEO Musk Opposes $5T Trump Spending Bill Amid Political Fallout

Elon Musk has publicly criticized President Donald Trump’s 'Big, Beautiful Bill,' calling it a 'disgusting abomination' and warning it would massively inflate the U.S. deficit, a stance supported by 'Black Swan' author Nassim Taleb who described the bill as likely to bankrupt America. The bill, currently under Senate review, could add over $5 trillion to the national debt by 2034 according to the Congressional Budget Office, though the White House remains committed to it. The legislation would eliminate key tax credits that benefit Tesla, including federal incentives for new and used electric vehicles and charging infrastructure, and impose new fees, threatening Tesla’s profitability. Tesla investor Ross Gerber and other longtime Musk supporters have criticized Musk for attacking Trump after previously supporting him, highlighting perceived contradictions in Musk's political positions and their potential impact on Tesla. Despite this backlash, Musk continues to urge Congress to reject the bill, while the White House insists the legislation will proceed. The debate underscores growing tensions between Tesla’s leadership and the political figures they once supported.