Elon Musk calls Trump's spending bill 'utterly insane' as Senate gears up for a vote

Business Insider

9 hours ago

Elon Musk is most definitely over.
The Tesla CEO, who until recently was the face of the White House DOGE Office and Trump's efforts to cut government spending, had some more choice words for the president's signature spending bill on Saturday.
"The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country! Utterly insane and destructive," Musk said on X. "It gives handouts to industries of the past while severely damaging industries of the future."
Senate Republicans managed to push the bill past a key procedural hurdle over the weekend, allowing debate to begin. A final vote could come as early as Monday.
Republicans have hoped to get a version of the bill to Trump's desk by the president's requested July 4 deadline. Some lawmakers, however, remain opposed to the bill.
Democrats, meanwhile, have remained united in their opposition, and have found a surprise ally in Musk.
In his criticisms on Sunday, Musk focused on provisions in the bill that would terminate Biden-era tax credits for renewable energy, such as solar, wind, and battery manufacturing.
Tesla, Musk's automotive company, has an energy generation and storage business that earned $2.7 billion in revenue during Q1 2025. The company also uses batteries and solar cells in many of its products.
In response to an X post from Michael Thomas — the founder of Cleanview, a company that tracks clean energy development — who said the bill would likely decrease energy capacity in the country, Musk said the bill would be "incredibly destructive" for the United States.
In another post, Musk shared a poll about the bill and said it would be "political suicide" for the Republican Party. He also reposted several posts criticizing the bill, including one by Kentucky Rep. Thomas Massie, a Republican.
"'BBB' = our credit rating if this bill becomes law," Massie wrote on X.
Trump's mega bill will impact nearly every aspect of American life, including healthcare, student loans, taxes, Social Security, Medicaid, clean energy, defense, immigration, tipping, AI regulation, and more.
Musk's X posts echo remarks he made earlier this month when his feud with Trump took a public turn. Musk called the bill a "disgusting abomination" on X before laying into Trump's personal life.
At the time, White House press secretary Karoline Leavitt told Business Insider said the situation was "an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted. The President is focused on passing this historic piece of legislation and making our country great again."
The tech billionaire later apologized to Trump on X, saying he regretted "some" of his posts and that they "went too far."