Elon Musk has emerged as a vocal critic of Donald Trump’s “One Big Beautiful Bill,” condemning it for bloating the national deficit and undoing months of fiscal reform efforts. Musk, who once led the Department of Government Efficiency (Doge), told CBS that the bill’s scale and cost were “disappointing.”
The legislation, which includes sweeping tax cuts, massive welfare reductions, and increased immigration enforcement spending, also eliminates clean energy credits and introduces new fees on electric vehicle ownership. These provisions directly impact Tesla, which is already grappling with a 71% drop in quarterly profits.
Musk’s comments indicate a growing divide between the tech mogul and the president he previously supported. With hardline Republicans also objecting to the bill’s fiscal irresponsibility, Musk’s remarks may ignite further political and economic debates about the future of government spending and innovation.