Elon Musk renews criticism of Trump spending bill, calls for new political party
The Tesla chief slammed the 'insane spending' of the bill, particularly the measure that increases the debt ceiling by US$5 trillion.
'It is obvious … that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people,'
Musk wrote on X.
Musk has repeatedly expressed frustration with what he sees as bipartisan indifference to ballooning government debt.
Earlier this month, he publicly clashed with
Trump over the bill before backtracking later.
The bitter public feud has led to volatility for Tesla, with shares of the company seeing wild price swings that erased around US$150 billion of its market value, though it has since recovered.
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