Musk once again criticized the 'Big and Beautiful Bill', and Trump angrily responded, the 'Trump-Musk' feud is back on stage!
On July 1, local time, Trump criticized Musk on True Social, stating that the subsidies Musk received might be more than anyone in history, and without subsidies, he might have to shut down and 'return to his hometown in South Africa.'
Trump stated:
'Musk has known for a long time, before he strongly supported my presidential campaign, that I have always been opposed to mandatory electric vehicle policies. This policy is absurd and has always been a key issue in my campaign. There is nothing wrong with electric vehicles, but we should not force everyone to own one. Musk has received more subsidies than anyone in history, and without those subsidies, he might have to shut down and return to South Africa. That would mean no more rocket launches, satellite projects, or electric vehicle production, which could save our country a lot of money. Maybe we should let DOGE carefully examine this issue? It could save a huge amount of funds!!!'
Source: (Wall Street Insight)
Subsequently, Musk quickly responded on X, stating: 'Cut everything, right now.'
Source: (Wall Street Insight)
Musk said: 'I just urge not to bankrupt America. If we keep raising the debt ceiling, what is the point?'
Source: (Wall Street Insight)
As the 'battle' between Trump and Musk escalated, Tesla's stock plummeted, with prices dropping nearly 7% in after-hours trading.
Source: (Wall Street Insight)
Less than half a month after the reconciliation, 'Trump and Musk' are at odds again
As early as early June, Musk criticized the congressional spending bill on his social media platform X as 'disgusting' and called on lawmakers to withdraw their support. Trump then responded, suggesting that he would reevaluate the government subsidies and contracts received by Tesla and its subsidiaries, 'I am very disappointed; how long can our relationship last? It's hard to say now.'
This war of words ended in reconciliation on June 12, after Musk expressed regret, Trump gave his approval, saying, 'I think he did well.' However, Trump has not clearly stated whether he is willing to reconcile with Musk.
According to an article from Wall Street Insight, on the 29th, the U.S. Senate passed an updated version of the 'Big and Beautiful Bill' pushed by Trump with a narrow margin of 51 votes in favor and 49 against, which prematurely eliminated the $7,500 tax credit for consumers purchasing electric vehicles.
This once again triggered Musk's dissatisfaction. On that day, Musk fiercely criticized the 'Big and Beautiful Bill', stating that cutting subsidies for electric vehicles and clean energy would destroy America's future industries, ruin millions of jobs, and would be political suicide for the Republican Party, causing 'incredible destruction' to America.
This Monday, Musk continued to threaten, stating, 'Every member of Congress who promised to reduce government spending during their campaign and then immediately voted to support the largest debt growth in history should be ashamed,' vowing to ensure their defeat in next year's midterms.
This article is authorized for reprint from: (Foresight News)
Original title: (Trump criticizes Musk: Without subsidies, you would have returned to South Africa long ago! Musk responds: Cut all subsidies now!)
Original authors: Li Xiaoyin, Wall Street Insight
'Trump criticizes Musk: Without subsidies, you would have returned to South Africa long ago! Musk retorts, 'Cut all subsidies now'' This article was first published on 'Crypto City'
