After several weeks of de-escalation in the feud between Donald Trump and Elon Musk, the CEO of Tesla has warned Trump’s spending bill would increase the US national debt.
In response to Musk’s post, Trump suggested that the Department of Government Efficiency (DOGE) cut subsidies to Musk’s companies to save the federal government money. “Elon would return to South Africa without subsidies,” Trump wrote on Truth Social.
“Elon may be receiving by far the most subsidies of any human being in history, and without subsidies, Elon would probably have to close up shop and go back home to South Africa,” he added. “No more rocket launches, satellites, or electric car production, and our country will save a fortune. Maybe DOGE should take a good look at this? A LOT OF MONEY WILL BE SAVED!!”
Earlier, Musk wrote in a post that those who pledged to cut spending before the election but then supported the bill were liars.
Trump’s bill and the new party
Musk has spent hundreds of millions of dollars and strongly supported Donald Trump in his bid for a second term in office as president. However, he strongly disagrees with the tax bill, which he referred to as “completely irrational and destructive” as it was being debated in the Senate.
The Tesla and SpaceX CEO went on to say that plans for significant spending outlined in the bill show that “we live in a one-party country—the Porky Pig Party! It’s time for a new political party that actually cares about the people,” he wrote.
In a subsequent post, the billionaire added: “If this insane spending bill passes, the America First Party will be formed the next day. Our country needs an alternative to the ‘single-party’ Democratic and Republican parties so that the people can truly have a voice.”
How the feud began
The feud between Elon Musk and Donald Trump was ignited last month and seemed to be related to Trump’s proposed tax and spending bill. In speaking from the White House, President Trump expressed his “surprise” and “disappointment” with Musk’s public criticism on the legislation.
Musk swiftly retaliated on his social media platform, X, and even suggested that Trump face impeachment. The President then threatened to sever government contracts for the Tesla CEO’s companies.
The immediate impact thereof was that Tesla shares began plummeting over 14 percent in US trading. Several hours later, perhaps in response to the escalating financial and contractual implications, Musk notably withdrew an earlier threat to decommission a crucial SpaceX spacecraft utilized by US astronauts.
Related: When Billionaires Clash: Trump and Musk’s Feud Turns Personal
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