Musk Criticizes Trump's Tax Bill!

Elon Musk called the Trump administration's “One Big Beautiful Bill” tax cut and spending bill “disgusting.” The bill aims to extend the 2017 tax cuts, exempt tips and overtime income from taxation, and increase border security spending. However, according to the Congressional Budget Office, this bill could increase the federal budget deficit by $2.4 trillion over the next decade.

Musk stated in posts on the social media platform X that the bill would subject American citizens to an “oppressive and unsustainable debt burden.” He also noted that Tesla would be negatively impacted by the bill's elimination of electric vehicle tax credits.