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Washington – President Donald Trump threatened the government’s ministry for efficiency on Elon Musk companies, saying that in a social position of truth shortly after midnight that there was “a lot of money to save”.
“Elon can get more grant than any human being in history, by far, and without subsidies, Elon should probably close his shop and return home to South Africa,” said Trump in the post. “More rocket, satellite or electric cars’ launch, and our country would save a fortune.”
“Maybe we should have taken a good, hard, look at that?” The president added.
Neither Musk nor a spokesperson for the Super CAP he created, America PAC, immediately responded to a request for comments. In the hours following Trump’s post, Musk republished several graphics on X representing a national climbing debt, which is currently at more than 36 dollars, according to government data.
The post of Trump marks the last explosion of the quarrel between the president and the technological magnate, which led the efforts to reduce government costs in Doge before Leave your special government employee post in May. Public split is a steep fall in their previously united relationship, which has seen Musk spend at least an estimate $ 250 million To help elect Trump.
In the hours preceding Trump’s position, Musk criticized the so-called “big and beautiful bill” repeatedly, ultimately suggesting that a new political party is launched if the legislation is adopted.
“If this crazy expenditure bill is adopted, America’s festival will be formed the next day,” wrote Musk In a post to X. “Our country needs an alternative to the Democrat-Républican Uni-Freshment so that the people really have a voice.”
In Another message, Musk said that the legislators who vote for the bill “will lose their primary next year if this is the last thing I do on this land”. In another article, Musk shared a graphic representing Pinocchio seated in flames, with the word “liar” sporting the image alongside a message on the vote to support American debt.
“Whoever campaigned on the promise to reduce expenses, but continues to vote on the greatest increase in the debt ceiling in history will see his face on this primary poster next year,” Musk said in the post.
Two of Musk’s companies – Spacex And Tesla – Have contracts from the US government or benefit from subsidies, although it is not clear exactly how much the benefits are worth. The Washington Post said Musk companies had received at least $ 38 billion in various benefits, credits and government contracts.
The reaction of the market to the last quarrel was rapid while the traders overthrew 6% of Tesla’s shares before the opening bell on Tuesday. One year to date, the stock is decreasing by 21%, although it has been considerably rallied – with the larger market – of its springs.
The secretary of the Treasury, Scott Bessent, seemed to brush Musk’s remarks when he was asked on Tuesday on Fox News for his reaction to the criticism of the technological magnate of the bill and his threat to form a new political party.
“I admire Elon’s leadership on the rockets. I will take care of finance,” said Bessent.
A few days after leaving his position of the White House, Musk publicly unloaded to criticize the so-called “Big and Beautiful Bill”, exploding it as a “bill for spending by the massive and scandalous congress” which was a “disgusting abomination”. He criticized the bill projected impact On the federal deficit, arguing that he would “charge American citizens with a debt in an overwhelming way.”
Musk and Trump exchanged scathing missives on social networks in early June. Trump has previously threatened To put an end to government contracts with Musk’s companies, saying during their June benefits that “the easiest way to save money” would be to “terminate the subsidies and government contracts from Elon”.
Musk Renewed attacks On the bill supported by Trump last week, which came at a vulnerable time for the Republicans of Congress who try to send the bill to the president’s office by a self-imposed deadline. The Republicans have thin margins in the Chamber and the Senate, and a handful of legislators expressed discomfort of the impact of the bill on the deficit and Medicaid.
The Senate continued to vote on changes to the bill overnight. The bill must be adopted again by the Chamber before going to Trump for his signature.
An analysis by the Office of the budget of the non -partisan congress said that the Senate bill, if it was adopted in its current form, would increase the national debt by 3.3 billions of dollars over the next 10 years. The CBO Also estimated that during the same period, nearly 12 million people would lose their health insurance largely because of the MEDICAIDID CUTS of the bill.
