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Stephen Miller sidesteps Elon but opposes him amid rumors that his wife left him for Musk

Stephen Miller sidesteps Elon but opposes him amid rumors that his wife left him for Musk

Time of India2 days ago

Stephen Miller avoids mentioning Elon Musk amid rumors over his wife as he defends Big, Beautiful bill.
Donald Trump's aide Stephen Miller strongly defended the 'Big, Beautiful Bill, without, however, naming Elon Musk once. He reposted other people's X posts and criticized them, put forward his point but did not repost Elon Musk's comments on the bill -- amid rumors that his wife Katie Miller has left him for Elon Musk.
The spending bill has become a flashpoint between Trump administration and Elon Musk as they are not on the same page following Elon Musk's exit from DOGE. Stephen Miller's wife has left her White House role to work for Elon Musk full time while the rumor is Katie Miller has also left Stephen Miller for Elon Musk. The Millers and Elon Musk did not issue any statement on the rumors. There were also speculations that Katie Miller, Stephen Miller and Elon Musk were a throuple before Stephen Miller was apparently left alone.
While Musk continued rallying against the spending bill, Stephen Miller acted as his counter as Miller called the bill 'the most essential piece of legislation...in generations."
'One of the bigger points of confusion on the BBB is spending vs. tax cuts,' Miller wrote Wednesday morning.
'The lefty CBO says extending the 2017 tax cuts (preventing their expiration) increases the deficit. Some critics have seen this figure and claimed or implied the bill increases *spending.*
Even according to CBO, the bill cuts spending over $1.6 trillion,' he continued.
Miller attacked Republican senator Rand Paul who was supporting Elon Musk, but Miller personally avoided any mention of Musk. "So when a libertarian (eg Rand [Paul]) attacks the 'deficit' impact of the bill, they are attacking the tax cut. Of course, honestly accounted, extending current tax rates has zero deficit impact which is why the bill, because of its spending cuts, reduces the deficit," Stephen Miller wrote.

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Who is James Fishback? Doge architect steps away the moment Musk feuds with Trump; says 'it's time for Tesla CEO to apologize'
Who is James Fishback? Doge architect steps away the moment Musk feuds with Trump; says 'it's time for Tesla CEO to apologize'

Time of India

time28 minutes ago

  • Time of India

Who is James Fishback? Doge architect steps away the moment Musk feuds with Trump; says 'it's time for Tesla CEO to apologize'

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Is Elon Musk floating a new political party after Donald Trump feud? Tesla CEO reveals name
Is Elon Musk floating a new political party after Donald Trump feud? Tesla CEO reveals name

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  • Hindustan Times

Is Elon Musk floating a new political party after Donald Trump feud? Tesla CEO reveals name

Elon Musk on Thursday floated the idea of a new party and even conducted a poll to see the reaction of the people in the United States. The move came after the Tesla and SpaceX CEO's public feud with US President Donald Trump, whom he had backed in the November 2024 election. Musk posted a poll on the social media platform X, asking the public to determine whether a new party was required in America. He revealed the results on Friday, showing that 80 percent of the respondents supported the poll. 'The people have spoken. A new political party is needed in America to represent the 80% in the middle! And exactly 80% of people agree. This is fate," he said on X. Musk later named the new political outfit 'The America Party". It would be difficult to ascertain if Elon Musk could challenge the traditional two-party system in the United States. While it is not enshrined in the Constitution, the last time a President who was not from the traditional two parties was elected was in 1850. Elon Musk's rift with Donald Trump began recently when the billionaire criticised the Republican leader's 'Big Beautiful' spending bill, calling it an 'abomination'. Trump responded during his meeting with German Chancellor Friedrich Merz, saying that he was disappointed with Musk. The richest man in the world took to X to claim that Trump would not have won the election without him. 'Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,' the Tesla boss wrote, adding, 'Such ingratitude'. Trump threatened to tear up all the federal contracts that Musk's companies have, and the SpaceX CEO responded by saying he would decommission the Falcon rocket, a threat he later reneged on. Musk also claimed that Trump was in the 'Epstein files' and that was the reason they hadn't been made public.

Can Musk's businesses afford his breakup with Trump?
Can Musk's businesses afford his breakup with Trump?

First Post

time42 minutes ago

  • First Post

Can Musk's businesses afford his breakup with Trump?

Donald Trump and Elon Musk's partnership appears to have reached its end. The US president has threatened to end the tech mogul's government contracts and subsidies for his companies. Tesla is already staring at challenges, with the Thursday spat sending its shares plummeting 14 per cent followed by a recovery later. Will Musk suffer if Trump's ire befalls his businesses? read more US President Donald Trump speaks during a news conference with Elon Musk in the Oval Office of the White House, May 30, 2025, in Washington. File Photo/AP Donald Trump and Elon Musk's public meltdown has glued the world to their phones. Their ugly online brawl seems far from over, with the United States president refusing to speak to the tech billionaire on Friday (June 6). Amid the row, Trump threatened to end Musk's government subsidies and contracts. As the spat escalated on Thursday, Tesla shares went into freefall and Musk's net worth plunged. Once a powerful political alliance, the relationship between Trump and Musk appears to have come to its end. But will the businesses of the world's richest person bear the brunt of the public fallout with the president of the United States? STORY CONTINUES BELOW THIS AD Let's take a look. Tesla takes a hit What began as a disagreement over US President Donald Trump's signature spending bill soon turned into an explosive row. The Republican leader and the Tesla CEO traded barbs on their respective social media platforms. As the animosity grew, Trump said the tech billionaire had gone 'crazy' and threatened to cut Musk's government contracts and subsidies for his companies. Musk responded, 'Go ahead, make my day.' The high-profile falling out saw Tesla's shares plummeting 14 per cent on Thursday, losing about $152 billion in market value — the largest single-day plunge in the company's 15-year history on the public market. Tesla's stock rebounded on Friday, rising four per cent after the steep fall. Musk continues to be the world's richest person; however, his net worth declined by $34 billion, as per Bloomberg's Billionaires Index. There are also reports that Trump is mulling selling the Tesla – a red Model S – he purchased in March to show solidarity with Musk amid anti-Tesla protests. A Tesla vehicle is parked on West Executive Avenue near the White House and the Eisenhower Executive Office building in Washington, DC, US, June 5, 2025. Reuters Tesla contributes to most of Musk's wealth. However, the company's shares have been on a rollercoaster this year after the stocks rose about 29 per cent following Trump's US presidential election victory in November. Musk spent nearly $300 million to bring Trump back to the White House. The Republican leader rewarded him by giving him a major role in his administration. STORY CONTINUES BELOW THIS AD But Tesla suffered because of Musk's actions as the head of the Department of Government Efficiency (Doge ). 'Musk hasn't done Tesla any favors by taking extremely unpopular actions in his time at Doge, and globally the business is struggling from other decisions, like focusing on the Cybertruck instead of releasing more new practical models that consumers actually want,' John Helveston, a professor at George Washington University who studies the electric vehicle industry, told NPR. 'In the European Union, sales are down heavily from the political damage, and sales in China are down from intense competition of very competitive Chinese EVs.' Musk's frustration with Trump's 'one, big beautiful bill', which he called a 'disgusting abomination', stems from the legislation's proposal to cut funding for electric vehicles and related technologies, which would hurt the Tesla CEO's businesses. The bill slashes the electric vehicle tax credit and federal funding for charging stations. Tesla is America's biggest electric vehicle company and also controls the country's largest charging network. If Trump's plan to chop subsidies on new electric vehicles is implemented, Tesla's full-year profit could decrease by $1.2 billion, Bloomberg reported, citing JP Morgan analysts. STORY CONTINUES BELOW THIS AD Speaking to NPR, Jeffrey Sonnenfeld, an associate dean at the Yale School of Management, said further challenges for Tesla could eventually hit Musk's wealth. 'Tesla is hugely reliant on federal largesse for the build-out of EV charging infrastructure, not to mention federal regulatory approval for his continued autonomous driving and robotics experiments,' he said. 'His wealth is highly precarious,' Sonnenfeld said, adding: 'The reality is that Musk's position is far weaker than many realise.' Tesla was already facing challenges before the feud between its CEO and the US president. After the company's stocks peaked at $428 in January, its shares declined by nearly half in March as investors got spooked by Musk's role in the Trump administration. A rift with the Trump administration could affect government support for Tesla as well as tariff exemptions that the company is seeking to buy Chinese parts for its Cybercab robotaxi and Semi electric truck. The 'schoolyard fight' between Trump and Musk underscores how 'Tesla's weak accountability measures and poor governance threaten not only the company's financial stability and shareholder value, but also the future of homegrown EV production,' New York City Comptroller Brad Lander told CNBC in a statement. STORY CONTINUES BELOW THIS AD According to The Washington Post analysis in February, Musk and his businesses have received at least $38 billion in government contracts, loans, subsidies and tax credits. However, the breakup with US President Trump may not be the end of the road for Musk and his companies. According to Paul Levinson, a professor at Fordham University, there could be more short-term stock market falls for Tesla and a hit to Musk's riches. However, even if some federal funding to the billionaire's businesses stops, it is unlikely to impact the tech billionaire in the long run. 'Musk has ample resources to sustain those losses, reshuffle and rebuild his companies and holdings, and come out ahead and on top,' Levinson said to NPR. 'Bottom line: if all the Trump government does in its feud with Musk is attack his financial interests, Musk is very likely to not only survive but continue to thrive.' SpaceX, Starlink may be safe from spat The US government's space ambitions are intricately linked to Musk's SpaceX. As the public row with Trump escalated on Thursday, the 53-year-old former adviser to the US president threatened to decommission SpaceX's Dragon spacecraft. However, Musk soon seemingly backtracked when an X user suggested he 'cool down'. The billionaire wrote, 'Good advice. Ok, we won't decommission Dragon.' STORY CONTINUES BELOW THIS AD SpaceX's Crew Dragon is currently the only US spacecraft certified to ferry crew to the International Space Station (ISS). The US Defense Department and the Nasa space agency have given more than $22 billion in contracts to SpaceX since 2000. 'While their political partnership appears to be at an end, it is difficult to imagine the government cancelling SpaceX contracts anytime soon,' Dan Grazier, senior fellow and programme director at the Stimson Center think tank, told NPR. 'It will be some time before any of the company's competitors will be able to take up the slack, so it looks like the president and the tech mogul will have to find a way to get along,' he said. SpaceX's Starlink internet satellite company could also be safe from Trump's ire. It is part of the US federal government's effort to provide internet access to underserved parts of the country. So, tearing up Pentagon contracts with Starlink could be a loss for both Musk and Trump. STORY CONTINUES BELOW THIS AD While they might not like it, the duo have to rely on each other. With inputs from agencies

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