Trump vs. Musk: Feud Reignites Over "Big Beautiful Bill"
Date: July 1, 2025
What happened:
A multibillionaire political clash has gone public: Elon Musk reignited his feud with Donald Trump by blasting Trump’s “One Big Beautiful Bill” — a sweeping tax‑cut and spending package — as dangerously debt‑driven. He warned that if the bill passes, he’d consider forming a new political party to challenge both major parties .
Trump countered strongly: accusing Musk of depending heavily on government subsidies, hinting at slashing support for Tesla and SpaceX. In an especially provocative remark, Trump said he’d “have to take a look” at deporting the now-naturalized U.S. citizen Musk, sarcastically invoking DOGE, the cost‑cutting task force Musk once led under Trump .
Key flashpoints:
Debt vs. Deficit: Musk slammed the bill for ballooning the U.S. debt by trillions, dubbing it “utterly insane” .
Political Threats: Trump suggested cancelling Musk’s subsidies and scrutinizing his contracts, hinting at possible consequences for his companies .
Market reaction: Tesla shares slid about 4–5% following the clash, on investors’ concerns over rising political risks .
Impact & outlook:
Regulatory & financial risk: Trump’s threats could spur targeted reviews of Tesla/SpaceX subsidies or federal contracts.
Political realignment: Musk’s warning about launching a third party hints at potential shifts in GOP dynamics — especially heading into the 2026 midterms.
Market volatility: Tesla stock is already feeling the heat, exposing Musk’s business to escalating political uncertainty.
Bottom line for Binance Square post:
This escalating clash could ripple across markets, regulation, and politics. Both men are using razor‑sharp rhetoric — Musk is calling out debt and GOP complicity, while Trump is wielding subsidies and immigration leverage. What started as budget disagreement is now a full‑blown public feud … and its next installment could shape everything from EV subsidies to political alliances.#TrumpVsMusk #OneBigBeautifulBill #BinanceAlphaAlert #Binance #BTC