Latest news with #DOGEOffice
Business Insider
3 days ago
- Automotive
- Business Insider
Elon Musk calls Trump's spending bill 'utterly insane' as Senate gears up for a vote
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."
Yahoo
09-06-2025
- Automotive
- Yahoo
Elon Musk backs up Trump amid LA protests
Elon Musk reshared two posts from Trump on Sunday amid protests in LA. It comes days after the feud between the two men reached a peak. Musk also shared an image of a masked protester waving a Mexican flag, writing: "This is not ok." Elon Musk is back to cheering President Donald Trump on — for now. On Sunday night, amid protests in the Los Angeles area, Musk posted a screenshot of a Truth Social post from Trump denouncing California Gov. Gavin Newsom and Mayor Karen Bass. The president and his allies have cast the ongoing demonstrations, which began in response to immigration raids, as an "insurrection." His administration ordered the deployment of 2,000 National Guard members to the LA area over Newsom's objections. Earlier on Sunday night, Musk reposted a Truth Social post screenshot from Vice President JD Vance about the administration's response, adding two American flag emojis. He also shared an image of a masked protester waving a Mexican flag on top of a damaged vehicle, writing: "This is not ok." The posts come just days after the feud between Musk and Trump reached a fever pitch last week. At one point, Musk approvingly shared a post suggesting that Trump be impeached, while Trump floated revoking Musk's companies' government contracts. The public fighting between the two men largely subsided over the weekend, and Musk deleted some of his posts, including one declaring that Trump was in the "Epstein files." Trump has said that he has no plans to repair his relationship with Musk. The feud began after Musk departed his role as the informal leader of the White House DOGE Office, with the tech titan criticizing Trump's "Big Beautiful Bill" for adding trillions to the deficit over the next 10 years. Read the original article on Business Insider
Business Insider
09-06-2025
- Automotive
- Business Insider
Elon Musk backs up Trump amid LA protests
Elon Musk reshared two posts from Trump on Sunday amid protests in LA. It comes days after the feud between the two men reached a peak. Musk also shared an image of a masked protester waving a Mexican flag, writing: "This is not ok." Elon Musk is back to cheering President Donald Trump on — for now. On Sunday night, amid protests in the Los Angeles area, Musk posted a screenshot of a Truth Social post from Trump denouncing California Gov. Gavin Newsom and Mayor Karen Bass. The president and his allies have cast the ongoing demonstrations, which began in response to immigration raids, as an "insurrection." His administration ordered the deployment of 2,000 National Guard members to the LA area over Newsom's objections. — Elon Musk (@elonmusk) June 9, 2025 Earlier on Sunday night, Musk reposted a Truth Social post screenshot from Vice President JD Vance about the administration's response, adding two American flag emojis. He also shared an image of a masked protester waving a Mexican flag on top of a damaged vehicle, writing: "This is not ok." The posts come just days after the feud between Musk and Trump reached a fever pitch last week. At one point, Musk approvingly shared a post suggesting that Trump be impeached, while Trump floated revoking Musk's companies' government contracts. The public fighting between the two men largely subsided over the weekend, and Musk deleted some of his posts, including one declaring that Trump was in the "Epstein files." Trump has said that he has no plans to repair his relationship with Musk. The feud began after Musk departed his role as the informal leader of the White House DOGE Office, with the tech titan criticizing Trump's "Big Beautiful Bill" for adding trillions to the deficit over the next 10 years.
Time of India
26-05-2025
- Automotive
- Time of India
NYU professor Scott Galloway on Elon Musk: ‘He is a brilliant guy, but he's alienated…'
Elon Musk 's close association with the White House's cost-cutting DOGE Office and his public support of Donald Trump have driven a dramatic backlash against the tech billionaire and his companies, particularly Tesla . NYU marketing professor Scott Galloway calls it 'one of the greatest brand destructions of all time'. Speaking on the Pivot podcast with co-host Kara Swisher, Galloway said Musk's political affiliations have severely damaged Tesla's reputation. 'Tesla was a great brand,' Galloway said. 'The rivers have reversed and the tide has turned entirely against him.' Citing the latest Axios Harris Poll, Galloway noted that Tesla fell from eighth in 2021 to 95th in 2025 on the list of America's most visible companies—a sharp fall attributed to Musk alienating Tesla's core demographic. 'He is a brilliant guy, but he's alienated his core demographic,' Galloway said, adding 'He's alienated the wrong people. Three-quarters of Republicans would never consider buying an EV'. 'So he's cozied up to the people who aren't interested in EVs.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Musk ties with Trump impacts Tesla stocks Musk became a prominent backer of Trump's presidential bid and later assumed a high-profile role with the DOGE Office, which aims to reduce government spending. While this boosted his appeal among conservatives, it triggered boycotts, protests, and a downturn in Tesla's public image. So much so that Tesla investors called for Musk's exit from the EV company. Tesla's financial performance has also taken a hit. In April, the company reported a 71% drop in earnings per share year over year, amid growing consumer protests at dealerships and showrooms. Elon Musk 'recommits' to Tesla Amid criticism, Musk announced during a recent Tesla's earnings call that he would step back from his role in DOGE to refocus on Tesla and his other ventures. On May 24, the X owner shared a post after a service outage stating 'Back to spending 24/7 at work and sleeping in conference/server/factory rooms. I must be super focused on X/xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out. As evidenced by the 𝕏 uptime issues this week, major operational improvements need to be made. The failover redundancy should have worked, but did not'. He doubled down on that stance during an appearance at the Qatar Economic Forum on Tuesday, stating he would spend 'a lot less' on political campaigns going forward. 'If I see a reason to do political spending in the future, I will do it,' Musk added. 'I do not currently see a reason.' Pixel 9a vs Pixel 9: Same Google Magic in half the price?
Yahoo
20-05-2025
- Business
- Yahoo
Elon Musk says he'll do a 'lot less' political spending in the future
Elon Musk said he'll cut back on political spending and that he's "done enough." During an interview on Tuesday, Musk said he didn't see a reason to spend right now. Musk is seen by some as a political liability for Republicans after spending enormous sums in 2024. Elon Musk said his era of enormous political spending is over — at least for the time being. The world's richest man said during a video interview at the Qatar Economic forum that he thinks he's "done enough" when it comes to political contributions. "In terms of political spending, I'm going to do a lot less in the future," Musk said. He didn't directly answer when asked if he was making the change because of blowback. "Well, if I see a reason to do political spending in the future, I will do it," Musk said in response. "I do not currently see a reason." He's previously said that his super PAC planned to spend on the 2026 midterms. Musk spent at least $277 million backing President Donald Trump and the GOP during the 2024 election, making him the single biggest donor of the cycle. He's become a prominent political figure as the face of the White House DOGE Office, though he's said stepping back from his government work to focus more on Tesla. In the months since Trump took office, Musk has become something of a political liability. His popularity has sunk, according to recent polling. His super PAC spent at least $15.5 million on a Wisconsin Supreme Court race, only to have his preferred candidate lose. Tesla has also faced significant political reactions, with a widespread Tesla Takedown movement leading to protests and vandalism across the country. In Tuesday's interview, Musk said that he has taken all that's happened with Tesla recently — falling shares compared to last year, the public backlash — personally. He did not answer, though, whether it made him regret his political involvement, instead bemoaning that "massive violence was committed against my companies, massive violence was threatened against me." Representatives for Musk and the White House did not immediately respond to Business a request for comment from Business Insider. Read the original article on Business Insider
