Trump Slams Musk, No "Severe Revenge" Planned Yet
Trump issues threats of severe repercussions toward Musk in disagreement over tax regulations - Trump issues Musk warnings of potential repercussions in their ongoing tax law disagreement
Here's the lowdown:
Trump's Tough Talk, but No Detailed Threats Yet. The 45th President didn't reveal any concrete repercussions for tech tycoon Musk. In an exclusive chat with NBC News, he called Musk disrespectful, but held back on the specifics. Trump made it crystal clear he's not interested in reconciling with the SpaceX, Tesla, and X CEO and also doesn't plan on talking to him anytime soon.
Now, Musk, the wealthiest man globally, had pledged his allegiance to Trump's MAGA (Make America Great Again) movement back in the summer of '24. He threw his hefty support behind Trump's campaign, estimated to be around $280 million (roughly 245 million euros). In exchange, Trump appointed Musk as his special advisor following his victory. Musk, however, stepped down from his position at the end of May.
Afterwards, Musk didn't hold back on his criticism towards Trump's tax strategies, accusing them of pushing America towards bankruptcy and adding to the national debt.
The final nail in the coffin for the super-power duo came during German Chancellor Friedrich Merz's (CDU) Washington visit on Thursday. Trump blasted his former ally, claiming he'd lost his marbles after criticizing Trump's claim that he would've lost the November election without Musk's support.
Trump's bill, dubbed "Big Beautiful Bill," is causing quite the stir. He's pressuring the Senate to pass the legislation, despite concerns even from his own party, by early July. The bill aims to extend the tax cuts from Trump's first term (2017–2021), with potentially drastic cuts to Medicaid on the horizon. Critics estimate the controversial bill could boost the federal budget deficit by up to $3 trillion (around 2.64 trillion euros) over the next decade.
- Donald Trump
- Elon Musk
- US President
- Bill
- NBC
- Medicaid
- Tax Bill
- Republicans
- America
- Relationship
- SpaceX
Insights:
Although Trump hasn't explicitly threatened Musk, their public feud has been escalating. According to a recent report, Trump claimed on Truth Social that he once asked Musk to vacate his administration and alleges Musk's resistance to the "big, beautiful bill" is all about safeguarding Tesla's business interests due to the proposed phase-out of electric vehicle subsidies[1].
- Despite Donald Trump not making detailed threats against Elon Musk during their recent dispute, the publicly documented deterioration of their relationship continues.
- As the US President, Donald Trump's criticism of Elon Musk's opposition to his tax bill, known as the "Big Beautiful Bill," suggests a strained relationship between the two.
- Elon Musk, the wealthiest individual globally, has demonstrated disagreement with certain aspects of Trump's tax strategies and gets involved in political discourse, as seen in his comments about the potential impact on America's fiscal future.
- NBC News had a conversation with former US President Donald Trump, where he expressed disappointment and frustration with Elon Musk, without disclosing any specific consequences for their ongoing confrontation.
- A significant policy point of contention between Donald Trump and Elon Musk pertains to the proposed extensions of tax cuts, particularly in relation to potential cuts to Medicaid funding.
- In a reported exchange, Donald Trump maintained that Elon Musk's resistance to his tax bill is motivated by protecting Tesla's business interests, as the bill includes the proposed phase-out of electric vehicle subsidies.
- As a result of this public feud, it is possible that Elon Musk's SpaceX project and other investments in America may face unforeseen consequences if Trump's legislative agenda moves forward.
- Regardless of the current tensions between Donald Trump and Elon Musk, it is important to monitor the political landscape, including policy concerns related to tax bills and their potential implications for America's budget law, Medicaid, and economic stability.
