Carlosmartinhs
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#TrumpVsMusk In early July 2025, Elon Musk harshly criticized the tax bill "Big Beautiful Bill" pushed by President Trump, calling it an "abomination" for eliminating incentives for electric vehicles and emission credits. Musk, who financed Trump's candidacy with over $250 million in 2024, warned that the measure would harm the businesses of Tesla and SpaceX.
In response, Trump publicly threatened to cut federal subsidies and contracts to Musk's companies, even considering his deportation, which further strained the relationship. Additionally, Musk proposed creating a new party — the "America Party" — as an alternative to the bipartisan system, seeking to capitalize on the discontent with the current political direction.
This standoff has impacted the markets: Tesla's shares fell 7% following the controversy. Overall, this clash highlights how Musk's business interests and Trump's political decisions are in direct confrontation in the public arena.
In response, Trump publicly threatened to cut federal subsidies and contracts to Musk's companies, even considering his deportation, which further strained the relationship. Additionally, Musk proposed creating a new party — the "America Party" — as an alternative to the bipartisan system, seeking to capitalize on the discontent with the current political direction.
This standoff has impacted the markets: Tesla's shares fell 7% following the controversy. Overall, this clash highlights how Musk's business interests and Trump's political decisions are in direct confrontation in the public arena.
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