logo
Trump says he's "very disappointed" in Elon Musk as public split intensifies

Trump says he's "very disappointed" in Elon Musk as public split intensifies

CBS News2 days ago

Trump says he's disappointed by Musk criticism of budget bill, Musk says he got Trump elected
Washington — The relationship between President Trump and Elon Musk fractured in dramatic and public fashion on Thursday, with the president saying he was "very disappointed" in his former ally and Musk claiming Mr. Trump would not have won the presidency without his deep financial warchest.
The break came over Musk's ongoing criticism of Republicans' "big, beautiful bill" on Capitol Hill, which cuts taxes by trillions of dollars and implements Mr. Trump's domestic agenda, including cutting hundreds of billions of dollars in spending. Musk has railed against the legislation as "outrageous" and "a disgusting abomination." The Congressional Budget Office estimated on Wednesday that the bill would lead to an increase of $2.4 trillion in total deficits over the next 10 years, a conclusion that Republicans and Mr. Trump dispute.
The president was asked about Musk's criticism for the first time publicly during a meeting with German Chancellor Friedrich Merz in the Oval Office on Thursday.
"Elon and I had a great relationship," Mr. Trump told reporters. "I don't know if we will anymore."
Mr. Trump said Musk, the CEO of Tesla, was around for the whole process of crafting the bill. The president claimed he "never had a problem" with the legislation until provisions dealing with electric vehicle subsidies were eliminated, threatening Tesla's business. The bill would roll back some of the clean energy tax credits under the Biden-era climate and health care law, phasing out a tax break for clean energy vehicles.
"I'm very disappointed in Elon. I've helped Elon a lot," Mr. Trump told reporters, adding that Musk "worked hard" and did a "good job."
President Trump speaks during a meeting with German Chancellor Friedrich Merz in the Oval Office of the White House in Washington, D.C., on June 5, 2025.
BRENDAN SMIALOWSKI/AFP via Getty Images
"And I'll be honest, I think he misses the place," the president continued. "He's not the first. People leave my administration and they love us. And then, at some point, they miss it so badly. And some of them embrace it and some of them actually become hostile. I don't know what it is. It's sort of Trump derangement syndrome, I guess they call it."
Appearing to respond to Mr. Trump's comments in real time, Musk wrote on X: "Whatever. Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill." In another post, he denied that he was aware of the details in the bill when it was crafted, writing that "this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!"
"Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate," Musk went on. "Such ingratitude." Musk, the world's wealthiest man, spent roughly $277 million to elect Mr. Trump and Republican lawmakers last year.
Musk's opposition has raised questions about whether Republicans can remain united around the centerpiece legislation of Mr. Trump's second-term agenda, but GOP leaders in Congress appeared undeterred Wednesday, as the Senate forged ahead on the legislation. Musk and House Speaker Mike Johnson are expected to speak Thursday about the bill's path forward.
Mr. Trump's comments about Musk came as Merz and the president met to discuss trade and tariffs, as well as Russia's war in Ukraine and tensions in the Middle East. But the part of the meeting that was open to the press was dominated by the questions about Musk.
"It's an honor to have you," Mr. Trump told the German leader, calling him a challenging negotiator but adding that he's a great representative for Germany.
It was their first in-person meeting since Merz, leader of Germany's center-right Christian Democratic Union party, won a parliamentary vote to become chancellor last month following an election in February.
Merz brought a gift for Mr. Trump to the White House — an original copy of the birth certificate belonging to Mr. Trump's grandfather, Friedrich Trump, in German and in English.
Mr. Trump's 50% tariffs on imports from the European Union are set to take effect July 9. The EU, which includes Germany, has said it's preparing "countermeasures" to hit back. The 50% tariffs were set to start June 1, but Mr. Trump delayed the heavy tariffs after speaking with European Commission President Ursula von der Leyen. Twenty-seven nations make up the EU.
President Donald Trump, left, speaks as he greets Germany's Chancellor Friedrich Merz at the White House, Thursday, June 5, 2025, in Washington.
Evan Vucci / AP
The Trump-Merz meeting also comes hours after the president signed a proclamation Wednesday banning foreign nationals from a dozen countries, including Afghanistan and Haiti.
Earlier in the day, Mr. Trump said he spoke with Chinese President Xi Jinping about tariffs and trade for roughly 90 minutes Thursday morning. The president told reporters in the Oval Office Thursday that he's accepted Xi's invitation to visit China, and will go there with first lady Melania Trump "at a certain point."

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Success or strike out? A's a boon to some local business, others left waiting for major league momentum
Success or strike out? A's a boon to some local business, others left waiting for major league momentum

CBS News

time17 minutes ago

  • CBS News

Success or strike out? A's a boon to some local business, others left waiting for major league momentum

Some West Sacramento businesses are booming, others not so much since A's arrival Some West Sacramento businesses are booming, others not so much since A's arrival Some West Sacramento businesses are booming, others not so much since A's arrival WEST SACRAMENTO – Before the Athletics' three-year relocation to Sutter Health Park, West Sacramento small businesses were pitching big ideas to cash in on the Major League momentum from the first day the move was announced. Now, two months into the season, some call it a success. Some call it a strikeout, still waiting on the business boom they were hoping for. How helpful the team has been for the business depends on who you ask. Drake's: The Barn, basically next-door neighbors with the A's, is hitting it out of the park. "This is very much our A's pre-game pop," said Bia Hoskins, general manager of Drake's, as she gestured to a packed house on Friday night, an hour before first pitch. Things have been busy at Drake's, where big league ball has brought big league business. "We've definitely seen an uptick in that walk-in traffic leading up to A's games. On a home week, we definitely plan ahead," said Hoskins. "We've benefited for sure from the team being here, people wanting a quick bite and drink before they head to the game. It's been really impactful for us and we've really enjoyed it." But other small businesses just blocks from the ballpark are still waiting for their major league moment. "We see a little uptick in business. But nothing, nothing like we anticipated," said Jeff "Fro" Davis, owner of Treehouse Cafe. Treehouse Cafe changed their hours and offerings to welcome an A's crowd. It hasn't materialized like Davis had hoped. "We had a full outside bar, live bands. But it didn't come to fruition like we thought. Right now, on weeknights, I have one cook and a bartender. And that's all we need," Davis said. Davis said he had to scale back the extra staffing he hired, but is still basing his hours around each A's home game. Live music now is limited to the weekend games. "People are barely walking down the street in front of us here. We are not seeing the impact like we thought we would," Davis said. "It depends on the brand. When the Yankees were in town, we were packed. I'm looking forward to the Giants coming to town Fourth of July weekend." About 15 minutes from the stadium in Southport, West Sac Sports Bar and Grill invested in renovations, trying to become a home base for A's fans away from the stadium. Unfortunately, former owner Shawn Mason says it didn't pay off. Mason tells CBS13 he sold his bar to a new owner last week after 11 years in business. He said it's because that expected business boom never came and an A's losing record hasn't helped. What's been a success for some has been a strikeout for others. "But, it is what it is, and we are just lucky to be a part of the scene," Davis said. So far this season, A's attendance has been good, not great. The average for ticketed fans is just over 10,000. But the A's have only put up four sellout crowds, the home opener versus the Chicago Cubs and the entire three-game series versus the New York Yankees. The lowest attended game of the season to date was on Tuesday, June 3, versus the Minnesota Twins, with 8,487 tickets sold.

Nebraska Secretary of State announces re-election
Nebraska Secretary of State announces re-election

Yahoo

time17 minutes ago

  • Yahoo

Nebraska Secretary of State announces re-election

LINCOLN, Neb. (KCAU) — Nebraska Secretary of State Bob Evnen announced his re-election bid in Lincoln. He's served in his role since January of 2019. Evnen says if he's re-elected, he will work to make sure the state has free and fair elections, protect public safety on the Nebraska Board of Pardons, and cut the red tape for businesses. Story continues below Top Story: Local band to be featured on Saturday in the Park Main Stage Lights & Sirens: Part of roof collapses during fire at Dakota City boat dealer Sports: Falcons fly to history! West Sioux boys soccer wins first-ever IHSAA State title with 2-1 OT win against Van Meter Weather: Get the latest weather forecast here Evnen was previously a labor attorney and served on the State Board of Education for eight years. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Analysts unveil bold forecast for Alphabet stock despite ChatGPT threat
Analysts unveil bold forecast for Alphabet stock despite ChatGPT threat

Yahoo

time18 minutes ago

  • Yahoo

Analysts unveil bold forecast for Alphabet stock despite ChatGPT threat

Analysts unveil bold forecast for Alphabet stock despite ChatGPT threat originally appeared on TheStreet. You typed in a question and clicked a few links, and Google could get paid if you landed on an ad. For years, that simple cycle helped turn Google into a trillion-dollar titan. But now, that model is under threat. 💵💰💰💵 AI-powered chatbots like OpenAI's ChatGPT are rapidly changing how people find answers. Instead of browsing through links, users are getting direct summaries on AI. These 'zero-click' searches quietly erode the economics that built the modern internet. The number of users is growing fast. OpenAI CEO Sam Altman said in April that ChatGPT already has 'something like 10% of the world" in terms of users, pegging the number closer to 800 million, Forbes reported. Even Google seems to know it. It's giving AI answers, called AI Overviews, right at the top of the page. "What's changing is not that fewer people are searching the that more and more the answers to Google are being answered right on Google's page. That AI box at the top of Google is now absorbing that content that would have gone to the original content creators," Cloudflare CEO Matthew Prince said in a CNBC interview. Alphabet () , Google's parent company, isn't showing any cracks just yet. In April, the company posted first-quarter revenue of $90.23 billion, topping Wall Street expectations. Earnings per share came in at $2.81, far above the forecasted $ the backbone of Google's business, brought in $66.89 billion, accounting for nearly three-quarters of total revenue. Its 'Search and other' segment rose almost 10% year over year, hitting $50.7 billion. Meanwhile, Google's own AI tools are starting to show traction. AI Overviews now has 1.5 billion users per month, up from 1 billion in October, the company said. So far, the numbers suggest that AI isn't cannibalizing Google's business yet. Bank of America remains bullish on Alphabet stock. The firm reiterated a buy rating and a price target of $200, which implies a potential 15% upside from current levels, according to a recent research report. The firm said in May, Google's global average daily web visits held steady at 2.7 billion, unchanged from the previous month and down 2% from a year earlier. ChatGPT, meanwhile, saw a 3% month-over-month increase to 182 million, marking a 105% jump the U.S., Google traffic slipped 2% year-over-year to 524 million daily visits, while ChatGPT surged 112% over the same period to 26 million. Although Google has highlighted the growing reach of its AI Overviews, analysts are uncertain whether it's translating into more traffic. 'So far, we are not seeing a lift in Google traffic from AI Overviews expansion, though we think the search experience is much improved,' the analysts wrote. The competition is real. Google's global search share also edged down in May, falling 8 basis points month-over-month and 123 basis points year-over-year to 89.6%, according to Statcounter. Still, Bank of America analysts remain optimistic on Alphabet stock. "While ChatGPT's traffic continues to grow rapidly, we think Google remains well-positioned given its scale, multi-product reach, data assets, and robust monetization infrastructure," the analysts said. "AI can expand overall search monetization by better understanding the intent behind complex and long-tail queries that were previously hard to monetize," they added. Morningstar's Malik Ahmed Khan echoed that sentiment, saying Alphabet's diverse revenue streams and global exposure should cushion any hits, even as regulatory and AI risks mount, according to a May research report. Alphabet stock closed at $174.92 on June 6. The stock is down 8% unveil bold forecast for Alphabet stock despite ChatGPT threat first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store