Latest news with #PorkyPigParty
UPI
40 minutes ago
- Automotive
- UPI
Tesla stock falls amid Trump deportation threats directed at Elon Musk
Tesla share prices fell on Tuesday after President Donald Trump threatened to end all subsidies for businesses that are owned by Elon Musk. File Photo by John Angelillo/UPI | License Photo July 1 (UPI) -- The share prices for Tesla stock tumbled on Tuesday after President Donald Trump suggested the federal government might end its electric vehicle subsidies and deport owner Elon Musk. Trump suggested Tesla and other Musk-owned enterprises would end without federal subsidies. "Electric cars are fine, but not everyone should be forced to own one," Trump said in a Truth Social post. "Elon may get more subsidy [sic] than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa," Trump continued. "No more rocket launches, satellites or electric car production, and our country would save a fortune," the president said. Trump's threat against Tesla subsidies might have triggered a drop in Tesla stock prices during Tuesday's trading. Tesla's share prices on NASDAQ closed at $317.66 on Monday after opening at $319.90 and reaching a high of $325.58 amid trades totaling 76.7 million shares. The number of shares sold on Tuesday was much higher at 143.2 million, with an opening price of $298.42, a high of $305.88 and closing at $300.71. Musk throughout the weekend and into Tuesday railed against the proposed fiscal year 2026 budget bill on social media. "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record [$5 trillion] that we live in a one-party country -- the Porky Pig Party!" Musk said Monday in a post on X, ABC News reported. He also said the bill would cost workers to lose millions of jobs and threatened to fund primary challenges for every Republican senator who voted in favor of House Resolution 1, CBS News reported. The Senate approved the budget bill on a 51-50 vote after Vice President JD Vance cast the tie-breaking vote early Tuesday afternoon. Trump told reporters on Tuesday he would "have to take a look" at possibly deporting Musk, who is a naturalized U.S. citizen. The president also suggested having the Department of Government Efficiency investigate Musk, which Musk led for 130 days until the end of May. The public exchanges between Musk and Trump roiled Tesla's share price, and Trump told media the Tesla founder should not "be playing that game with me," CNBC reported. He said Musk is upset about losing the federal government's EV mandate if the budget bill becomes law. Musk also could lose federal subsidies that support SpaceX and the Starlink global satellite Internet services provider, Trump warned. Musk on social media dared the president to "cut it all" and said he might work to create a third political party "that actually cares about the people."
Int'l Business Times
9 hours ago
- Business
- Int'l Business Times
Musk Called Out After Threatening Politicians Who Vote for Trump's 'Big, Beautiful Bill': 'You Helped Bankroll the Chaos'
Elon Musk is facing a torrent of backlash on X after threatening to bankroll primary challenges against Republican lawmakers who support President Donald Trump 's " Big, Beautiful Bill "—a sprawling $5 trillion tax-and-spending package critics say he helped make possible. Musk took to his platform Monday night, warning that any Republican who votes for the legislation should "hang their head in shame" and promising to unseat them if it's "the last thing I do on this Earth." He also floated launching a new political party, the "America Party," to counter what he called the "Porky Pig Party" of Washington. But many users weren't buying the pivot. Musk, who spent over $275 million supporting Trump and other Republicans in 2024 and held a brief advisory role in the Trump administration, was swiftly called out for what some see as a late-stage attempt to distance himself from the consequences of policies he once championed. "You're absolutely right, Elon," one post read, "except you left out the part where you helped bankroll the chaos." Another user responded: "You were in the Oval Office. You could have spoken to him. It's your fault, @elonmusk. Stop trying to pass the blame." "You bankrolled this," another user said. While the White House insists the bill will stimulate economic growth and reduce long-term deficits, Musk has called it "debt slavery" and a gift to "industries of the past," according to CNN. Still, critics argue his objections ring hollow given his companies' dependence on public subsidies and his financial support for the Trump campaign. Trump fired back on Truth Social, accusing Musk of hypocrisy and suggesting that federal subsidies propping up Tesla and SpaceX should be investigated by the Department of Government Efficiency, or "DOGE." "Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate," Trump wrote. Meanwhile, Musk, for his part, insists his concern is fiscal responsibility, not corporate handouts. Originally published on Latin Times
Time of India
14 hours ago
- Politics
- Time of India
Musk declares war on Trump: Threatens new American party, if ‘Porky Pig Party' passes spending bill
Elon Musk reignites political fire as he threatens to launch the 'America Party' if Trump's 'Big, Beautiful Bill' passes. Calling out 'insane spending' and dubbing Congress the 'Porky Pig Party,' Musk lashes out at both Trump and lawmakers. But Trump hits back hard mocking Musk's reliance on government subsidies and suggesting he'd be 'back in South Africa' without them. The bromance turns to battle in this high-stakes political showdown. Show more Show less
Fox News
21 hours ago
- Business
- Fox News
Elon Musk says US is ruled by 'Porky Pig Party' as Trump defends his vision against former ally's criticism
Elon Musk has not given up his criticism over what he sees as a lack of spending cuts in the GOP's "big, beautiful bill," insisting on his platform X on Monday "that we live in a one-party country" and threatening that if the bill passes a new "America Party" would be formed. Musk's criticism of the Republican spending package began before he even left the Trump administration as a special government employee heading the Department of Government Efficiency (DOGE). It continued following his departure, with Musk describing the bill as "pork-filled" and a "disgusting abomination" earlier this month. The billionaire entrepreneur has lamented that the bill could work to undo much of the work he accomplished with DOGE. "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!!" Musk wrote on X Monday afternoon as the Senate continued to consider the House-passed spending bill. "Time for a new political party that actually cares about the people," Musk added. In a separate post on X Monday evening, Musk doubled down on his claim that the U.S. is governed by a one-party system. "They just pretend to be two parties," he wrote, sharing a post alongside a graphic showing how much the national debt has steadily increased every year. "It's just one uniparty in reality." Meanwhile, the billionaire entrepreneur threatened that "if this insane spending bill passes, the America Party will be formed the next day." "Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE," Musk wrote Monday evening on X. Musk previously said he was "disappointed" in the spending bill because "it undermines" all the work his DOGE team was accomplishing to cut back on waste, fraud and abuse in the federal government. However, Senate Majority Leader John Thune, R–S.D., refuted Musk's claim that the bill would upend all the work he did with DOGE, noting in an interview that "a lot of what Elon was working on was on the discretionary side of the budget, which [the "big, beautiful bill"] doesn't touch." Office of Management and Budget Director Russell Vought clarified in an interview with The Blaze's Glenn Beck that the GOP's "big, beautiful bill" cannot legally include cuts to discretionary spending — the very category targeted by Musk's DOGE initiative, he noted. The bill includes discretionary spending instructions for defense and border security, but final approval still requires passage through the congressional appropriations process. Earlier this month, after formally leaving his post in the Trump administration, Musk shared a social media post President Donald Trump posted in 2013, noting he was "embarrassed" at the time to be a Republican after the party extended the debt ceiling. Musk shared the former post and wrote: "wise words." Several days prior, Musk referred to the Trump-endorsed "big, beautiful bill" as a "disgusting abomination." He has also previously suggested the bill would kill jobs and raise taxes on renewable energy projects not yet even underway. The feud between Musk and Trump and his supporters of the bill escalated even further after Musk sought to link Trump to the Jeffrey Epstein child sex scandal in a now-deleted post. When reached for comment about Musk's complaints about the Trump-endorsed spending package, the White House pointed to the president's comments over the weekend to Fox News Business. When asked on Sunday during an interview with Fox Business anchor Maria Bartiromo about his relationship with Musk since he left the White House, the president described Musk as a "wonderful guy." Later, Trump described some of Musk's post–White House behavior as inappropriate. "I think he's a wonderful guy. I haven't spoken to him much, but I think Elon is a wonderful guy, and I know he's going to do well always," Trump said. "He's a smart guy. And he actually went and campaigned with me and this and that. But he got a little bit upset, and that wasn't appropriate." "Why did he get upset? He just wasn't getting what he wanted?" Bartiromo questioned. "Look, the electric vehicle mandate, the EV mandate, is a tough thing for him," Trump explained. "I would, you know, I don't want everybody to have an electric car. You know, I campaigned on choice — you have — choice… not everybody should have that and not everybody wants that."
Al Bawaba
a day ago
- Politics
- Al Bawaba
Elon Musk slams GOP as "porky pig party"
Published June 30th, 2025 - 09:00 GMT The backlash from Musk came just hours after President Donald Trump celebrated the bill on his Truth Social platform. ALBAWABA- Elon Musk launched a scathing attack on the Republican Party following the passage of a controversial debt ceiling bill, calling it the 'Porky Pig Party' in a fiery post on X. Also Read Trump lifts sanctions on Syria in major policy shift The bill, which raises the U.S. debt limit by an unprecedented five trillion dollars, was passed by a Republican-led Congress and praised by President Donald Trump as a major legislative victory. Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth. — Elon Musk (@elonmusk) June 30, 2025 'It is obvious with the insane spending in this bill… that we live in a one-party country – the PORKY PIG PARTY!!' Musk wrote. In another post, he added, 'Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth.' It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people. — Elon Musk (@elonmusk) June 30, 2025 Musk also took aim at the conservative Freedom Caucus, writing, 'How can you call yourself the Freedom Caucus if you vote for a DEBT SLAVERY bill with the biggest debt ceiling increase in history?' The backlash from Musk came just hours after President Donald Trump celebrated the bill on his Truth Social platform. Trump described it as the 'GREAT, BIG, BEAUTIFUL BILL,' and applauded Senators Rick Scott, Mike Lee, Ron Johnson, and Cynthia Lummis for their efforts in passing the legislation. 'They truly love our country,' Trump wrote. 'As President of the USA, I am proud of them all and look forward to working with them to grow our economy, reduce wasteful spending, and protect our veterans.' Donald J. Trump Truth Social 06.29.25 12:29 AM EST Tonight we saw a GREAT VICTORY in the Senate with the 'GREAT, BIG, BEAUTIFUL BILL,' but, it wouldn't have happened without the Fantastic Work of Senator Rick Scott, Senator Mike Lee, Senator Ron Johnson, and Senator Cynthia… — Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) June 29, 2025 The clash between Musk and Trump represents a sharp turn in their relationship. Musk was previously a top backer of Trump's campaign and had served as the head of the government efficiency department, a post he left just weeks ago following growing disagreements over economic policy. Also Read Elon Musk deletes posts attacking trump amid renewed tensions Since his departure, Musk has become an outspoken critic of what he sees as reckless fiscal governance. The billionaire's latest remarks suggest a deeper political shift. 'Time for a new political party that actually cares about the people,' Musk tweeted, hinting at efforts to challenge both parties from the outside. His message is already resonating among parts of the conservative base frustrated by rising national debt and perceived political hypocrisy. © 2000 - 2025 Al Bawaba (
