Musk, Trump Clash Over $3 Trillion 'Big Beautiful Bill' Intensifies Political Debate

Elon Musk has reignited his feud with President Donald Trump over the $3.3 trillion budget bill known as the 'Big Beautiful Bill,' which Musk calls the largest debt increase in history and threatens to form a new political party in response. Musk criticized both Republicans and Democrats as a 'uniparty' and pledged to support primary challengers against those backing the bill, stirring political turmoil and drawing mixed reactions. Trump retaliated by accusing Musk of relying heavily on government subsidies, suggesting that without them Musk would have to shut down his companies and return to South Africa, and proposed a review of these subsidies by the Department of Government Efficiency (DOGE). The spat spilled over onto social media platforms, with Musk demanding all subsidies be cut and Trump warning of halting Tesla and SpaceX operations, though experts note SpaceX's critical role in maintaining U.S. leadership in space. Tesla shares dipped amid the controversy, reflecting investor concerns, though the removal of electric vehicle tax credits could potentially disadvantage Musk’s competitors more. This clash highlights the complex intersection of politics, government spending, and the electric vehicle and aerospace industries amidst a contentious legislative environment.