Musk, who supported Trump's campaign and also served as an adviser to the White House, has criticized the tax and spending bill the president is pushing.

Tesla CEO Elon Musk has reignited his feud with Donald Trump over the president’s tax cut and spending megabill, which would eliminate electric vehicle (EV) purchase subsidies. Musk threatened to start a new political party,

In late May, Musk stepped down from DOGE and became a critic of Trump’s “big, beautiful bill,” claiming his opposition to it was because it would increase the budget deficit. Another scenario is Musk’s fear that the bill will remove electric vehicle tax credits, which would significantly hurt Tesla.