Trump attacks Musk: without subsidies he would return to South Africa. Tesla shares open sharply down (-6.9%)
The president against the billionaire targeting the tax bill being voted on in the US Senate
2' min read
2' min read
The long-distance quarrel between Donald Trump and Elon Musk continues. They have not been close since their traumatic break-up, with Musk accusing Trump of being in the ranks of Epstein, the billionaire who went to jail and later died by suicide accused of sexually abusing minors.
Tonight Trump returned to the attack: Elon Musk may 'receive more subsidies than any other human being in history' for his electric car business. "Without subsidies, Elon would probably have to close up shop and go home to South Africa": so the president on Truth about Elon Musk who has returned to attack the spending bill, so dear to the tycoon, which is up for a marathon vote in the US Senate. "No more rocket launches, satellites or electric car production, and our country would save a fortune. Maybe we should ask Doge to look into this carefully? A lot of money to be saved!!!," Trump threatens.
Two days ago Elon Musk went back on the attack of the 'Big beautiful bill', Trump's tax and spending bill. In a series of posts on X, the billionaire again blamed Republicans for a bill that will increase the national debt by $3.5 trillion over the next ten years, according to independent estimates. "It is clear with the insane spending of this bill, which increases the debt ceiling by as much as five billion dollars, that we live in a one-party country: the PORKY PIG PARTY!!! (the pig party, ed.)," Musk wrote. "It's time for a new political party that actually cares about people," the billionaire wrote again, reviving the idea of a new political formation. Musk added that "every member of Congress who campaigned to reduce government spending and then immediately voted for the largest increase in the national debt in history" "will lose their primary next year, if it's the last thing I do on this Earth".
A Wall Street
The stocks of the electric car giant opened with a drop of 6.9 per cent.
Tesla shares closed down 1.8 per cent at $317.66 on Monday.
