#TradingPairs101 Trump ends his relationship with Elon Musk after Musk attacked his tax bill

Donald Trump said on Thursday that he’s done with Elon Musk. Speaking from the White House, the president said Elon had been attacking his tax bill out of personal frustration.

Trump claimed the Tesla CEO was angry over the removal of electric vehicle tax credits and because his preferred NASA nominee, Jared Isaacman, got blocked by the administration. Trump’s announcement followed a full week of Elon hammering the bill on X and calling it a “disgusting abomination.”

Trump said Elon “knew” the bill would scrap the EV tax breaks. “He knew it… a long time ago,” Trump told reporters, referring to the removal of incentives that had pumped billions into Elon’s business. “Elon is upset because we took the EV mandate, which was a lot of money for electric vehicles,” Trump continued.

“And you know, they’re having a hard time, the electric vehicles, and they want us to pay billions of dollars in subsidy.” Trump also said, “You know, I’ve always liked Elon. I’d rather have him criticize me than the bill, because the bill is incredible.” He defended the bill, calling it his “One, Big, Beautiful Bill,” while dismissing Elon’s criticism as political.

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Elon responded in real time using his social platform, posting just one word: “Whatever.” But the billionaire didn’t stop there. He followed it up with another post attacking the bill’s content. “Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill,” Elon wrote.