'I'm sorry, can't stand it anymore': Elon Musk explodes over Trump's 'big, beautiful bill'
Billionaire Elon Musk slammed the massive Republican spending bill backing Trump's agenda, calling it a 'disgusting abomination' and warning it would push the US deficit to $2.5 trillion. Musk, a former White House official, urged voters to reject lawmakers who backed the bill. Senator Rand Paul echoed Musk's criticism, calling the debt hike a huge mistake. Show more 08:06
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Elon Musk's daughter mocks father's feud with Trump: ‘Love being proven right'
Elon Musk's daughter appeared to mock her father's highly publicised feud with US President Donald Trump on Friday, expressing satisfaction over the situation on social media. Vivian Wilson, 21 — who previously vowed to leave the US after Trump's election — shared an Instagram post that hinted at amusement over the clash. The Instagram post of Elon Musk's daughter. 'I love being proven right,' she wrote, followed by uncontrollable laughter and a refusal to comment further, according to a report by the New York Post. The conflict between Musk and Trump escalated Thursday when Musk criticized one of Trump's policies, prompting Trump to question whether their relationship could ever be repaired. Trump said on Friday that Elon Musk had "lost his mind" but added that he was ready to move past their heated fallout. The dramatic rift between the world's richest man and the most powerful political figure has sparked concerns, carrying both political and economic implications. "Honestly I've been so busy working on China, working on Russia, working on Iran... I'm not thinking about Elon Musk, I just wish him well," Trump told reporters aboard Air Force One en route to his New Jersey golf club late Friday, as reported by AFP. After Elon Musk slammed Trump's spending bill as an 'abomination' on Tuesday, the former president responded sharply from the Oval Office on Thursday, expressing he was 'very disappointed' in the billionaire entrepreneur. I love being proven right. The controversial bill is expected to face stiff resistance in Congress, as it significantly increases the U.S. deficit. Critics also warn that it could slash healthcare coverage for millions of low-income Americans. (With inputs from agencies) Key Takeaways Public feuds can have significant political and economic ramifications. Family dynamics can add complexity to high-profile conflicts. Social media serves as a platform for personal opinions on public matters.
NDTV
an hour ago
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Russia Offers Elon Musk Political Asylum Amid Feud With Donald Trump
Amid escalating tensions between Elon Musk and President Donald Trump, Russian lawmaker Dmitry Novikov has suggested that Musk could seek political asylum in Russia. Dmitry Novikov, First Deputy Chairman of the State Duma Committee on International Affairs (Communist Party of the Russian Federation), made the statement following a heated exchange of accusations between Elon Musk and US President Donald Trump, according to Russian News Agency TASS. "I think that Musk has a completely different game, that he will not need any political asylum, although, if he did, Russia, of course, could provide it," Mr Novikov told the news agency in response to a question about whether Russia is ready to grant asylum to Mr Musk, as Edward Snowden was earlier. The lawmaker noted that over the years, Mr Musk has formed "a kind of political communication", so "individual disagreements will remain separate disagreements." "At this stage, the return of the Democratic team to the White House in three years is not what I think Musk needs and not what he is ready to applaud. Therefore, there are tactical differences, and there are strategic things, and he will adhere to them, it seems to me," the parliamentarian explained. Dmitry Novikov made these comments after Steve Bannon, a former White House strategist, called Mr Musk "an illegal alien" who should be deported from the United States. He also urged the US government to seize the tech billionaire's company, SpaceX. Mr Bannon, one of Elon Musk's most vocal critics, said, "They [US government] should initiate a formal investigation of his immigration status because I am of the strong belief that he is an illegal alien, and he should be deported from the country immediately." His statement came after Mr Musk threatened to shut down SpaceX's Dragon spacecraft that carries astronauts to and from the International Space Station (ISS). Bannon argued this could be a serious threat to the country, so Donald Trump should sign an order under the Defence Production Act to take over SpaceX immediately. According to the Moscow Times, Kremlin spokesman Dmitry Peskov declined to comment on the dispute when asked on Friday. "This is a domestic issue of the United States, and we don't intend to interfere," Peskov told reporters. "We're confident the Us president will handle this situation on his own." Russia has previously granted asylum to US whistleblower Edward Snowden and pro-Kremlin British blogger Graham Phillips.
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Business Standard
an hour ago
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Elon Musk could lose billions depending on how spat with Trump unfolds
Trump can mess things up for Tesla by encouraging federal safety regulators to step in at any sign of trouble for the robotaxis AP New York The world's richest man could lose billions in his fight with world's most powerful politician. The feud between Elon Musk and Donald Trump could mean Tesla's plans for self-driving cars hit a roadblock, SpaceX flies fewer missions for Nasa, Starlink gets fewer overseas satellite contracts and the social media platform X loses advertisers. Maybe, that is. It all depends on Trump's appetite for revenge and how the dispute unfolds. Joked Telemetry Insight auto analyst Sam Abuelsamid, Since Trump has no history of retaliating against perceived adversaries, he'll probably just let this pass. Turning serious, he sees trouble ahead for Musk. For someone that rants so much about government pork, all of Elon's businesses are extremely dependent on government largesse, which makes him vulnerable. Trump and the federal government also stand to lose from a long-running dispute, but not as much as Musk. Tesla robotaxis: The dispute comes just a week before a planned test of Tesla's driverless taxis in Austin, Texas, a major event for the company because sales of its EVs are lagging in many markets, and Musk needs a win. Trump can mess things up for Tesla by encouraging federal safety regulators to step in at any sign of trouble for the robotaxis. Even before the war of words broke out on Thursday, the National Highway Transportation Safety Administration requested data on how Musk's driverless, autonomous taxis will perform in low-visibility conditions. That request follows an probe last year into 2.4 million Teslas equipped with full self-driving software after several accidents, including one that killed a pedestrian. The Department of Justice has also probed the safety of Tesla cars, but the status of that investigation is unclear. The DOJ did not respond immediately to requests for comment. The promise of a self-driving future led by Tesla inspired shareholders to boost the stock by 50 per cent in the weeks after Musk confirmed the Austin rollout. But on Thursday, the stock plunged more than 14 per cent amid the Trump-Musk standoff. On Friday, it recovered a bit, bouncing back nearly 4 per cent. Tesla's recent rise was almost entirely driven by robotaxi enthusiasm," said Morningstar analyst Seth Goldstein. Elon's feud with Trump could be a negative. Carbon credits business: One often-overlooked but important part of Tesla's business that could take a hit is its sales of carbon credits. As Musk and Trump were slugging it out Thursday, Republican senators inserted new language into Trump's budget bill that would eliminate fines for gas-powered cars that fall short of fuel economy standards. Tesla has a thriving side business selling regulatory credits to other automakers to make up for their shortfalls. Musk has downplayed the importance of the credits business, but the changes would hurt Tesla as it reels from boycotts of its cars tied to Musk's time working for Trump. Credit sales jumped by a third to $595 million in the first three months of the year even as total revenue slumped. Reviving sales: Musk's foray into right-wing politics cost Tesla sales among the environmentally minded consumers who embraced electric cars and led to boycotts of Tesla showrooms. If Musk has indeed ended his close association with Trump, those buyers could come back, but that's far from certain. One analyst speculated earlier this year that Trump voters in so-called red counties could buy Teslas in a meaningful way. But he's now less hopeful. There are more questions than answers following Thursday developments, TD Cowen's Itay Michaeli wrote in his latest report, and it's still too early to determine any lasting impacts. Michaeli's stock target for Tesla earlier this year was $388. He has since lowered it to $330. Tesla was trading Friday at $300. Moonshot mess: Trump said Thursday that he could cut government contracts to Musk's rocket company, SpaceX, a massive threat to a company that has received billions of federal dollars. The privately held company that is reportedly worth $350 billion provides launches, sends astronauts into space for Nasa and has a contract to send a team from the space agency to the moon next year. But if Musk has a lot to lose, so does the US SpaceX is the only US company capable of transporting crews to and from the space station, using its four-person Dragon capsules. The other alternative is politically dicey: depending wholly on Russia's Soyuz capsules. Musk knew all this when he shot back at Trump that SpaceX would begin decommissioning its Dragon spacecraft. But it is unclear how serious his threat was. Several hours later in a reply to another X user he said he wouldn't do it. Starlink impact? A subsidiary of SpaceX, the satellite internet company Starlink, appears to also have benefited from Musk's once-close relationship with the president. Musk announced that Saudi Arabia had approved Starlink for some services during a trip with Trump in the Middle East last month. The company has also won a string of other recent deals in Bangladesh, Pakistan, India and elsewhere as Trump has threatened tariffs. It's not clear how much politics played a role, and how much is pure business. On Friday, The Associated Press confirmed that India had approved a key license to Starlink. At least 40 per cent of India's more than 1.4 billion people have no access to the internet. Ad revival interrupted? Big advertisers that fled X after Musk welcomed all manner of conspiracy theories to the social media platform have started to trickle back in recent months, possibly out of fear of a conservative backlash. Musk has called their decision to leave an illegal boycott and sued them, and the Trump administration recently weighed in with a Federal Trade Commission probe into possible coordination among them. If Trump sours on X, "there's a risk that it could again become politically radioactive for major brands, said Sarah Kreps, a political scientist at Cornell University. She added, though, that an exodus isn't obvious, and it would depend heavily on how the conflict escalates, how long it lasts and how it ends. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
