Close Menu
  • Home
  • Aerospace & Defense
    • Automation & Process Control
      • Automotive & Transportation
  • Banking & Finance
    • Chemicals & Materials
    • Consumer Goods & Services
  • Economy
    • Electronics & Semiconductor
  • Energy & Resources
    • Food & Beverage
    • Hospitality & Tourism
    • Information Technology
  • Agriculture
What's Hot

Government semester shakeup “blackmail” Royal Wales show

US Approves $30 Million for controversial Israel-backed Gaza Aid Group | Food News

Pig producers have been fined over £5,000 after illegal slurry lagoon contamination

Facebook X (Twitter) Instagram
USA Business Watch – Insightful News on Economy, Finance, Politics & Industry
  • Home
  • Aerospace & Defense
    • Automation & Process Control
      • Automotive & Transportation
  • Banking & Finance
    • Chemicals & Materials
    • Consumer Goods & Services
  • Economy
    • Electronics & Semiconductor
  • Energy & Resources
    • Food & Beverage
    • Hospitality & Tourism
    • Information Technology
  • Agriculture
  • Home
  • About Us
  • Advertise With Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
USA Business Watch – Insightful News on Economy, Finance, Politics & Industry
Home » Elon Musk’s introduction to politics
Automotive & Transportation

Elon Musk’s introduction to politics

ThefuturedatainsightsBy ThefuturedatainsightsJune 16, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Elon Musk spent the last several months knee-deep in government, sidelining his companies to pursue a long-standing Republican quest to weed out alleged waste and fraud. 

Then, a few weeks ago, House Republicans passed a bill with provisions that would kneecap Tesla. 

Now Musk is fuming that the bill is “a disgusting abomination.”

Plenty has been written about Musk’s motivations for cozying up to President Donald Trump; for spending 130 days as a special government employee; for spending time away from Tesla, the main source of his wealth. Whatever his reasons, Musk did come away with some wins: He managed to secure some free advertising for Tesla, and Starlink is slowly embedding itself into the federal government.

But his time roaming the halls of power and standing alongside the president hasn’t exempted Tesla from Republicans’ desire to sink clean energy and electric vehicles.

On Tuesday, Musk let loose. “I’m sorry, but I just can’t stand it anymore,” he wrote on X. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.

“Shame on those who voted for it: you know you did wrong. You know it.”

I’m sorry, but I just can’t stand it anymore.

This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.

Shame on those who voted for it: you know you did wrong. You know it.

— Elon Musk (@elonmusk) June 3, 2025

The Congressional Budget Office has yet to score the bill and its impact on the deficit, but this week the Committee for a Responsible Federal Budget, a nonprofit organization, estimated that the legislation would add $3 trillion in debt.

Musk might be publicly denouncing the reconciliation bill for its inability to rein in federal deficits — there’s no reason to think he doesn’t believe its a problem — but it’s hard to imagine he doesn’t feel personally slighted by the legislation. 

An Axios report backs up that take on the situation, saying that Musk was “frustrated at failing to win favorable treatment in the bill and the administration at large.”

“Elon was butthurt,” a source with knowledge of Musk’s feelings told Axios.

It’s not just Musk’s feelings that could be bruised: His fortune could be dented if provisions hostile to Tesla survive the Senate.

Tesla’s biggest hit would come from revisions to the EV tax credit. Today, consumers who buy an eligible EV can claim up to $7,500, a provision that runs through 2032. Republicans want to end it in 2026 and reinstate the per-manufacturer cap of 200,000 vehicles. The cap almost feels targeted at Tesla, since the automaker was among the first to exceed that figure.

But Republicans didn’t stop there. They also took a hammer to clean energy, severely constraining the ability of rooftop solar installations to qualify for 30% tax credits. If passed, the changes would undercut Tesla’s energy division, which recently has grown 67% year-over-year. The business line has already been threatened by Trump’s tariffs, which “will have a relatively larger impact on our energy generation and storage business compared to our automotive business,” Tesla said in its quarterly report.

In a parting shot, the White House announced Saturday, the day after Musk’s departure, that it was pulling Jared Isaacman’s nomination to be NASA administrator, something Musk had championed.

Welcome to politics, Elon.



Source link

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
Previous ArticleAdjudicator hears milk contract concerns as compliance deadline looms
Next Article Instagram users complain of mass bans, pointing finger at AI
Thefuturedatainsights
  • Website

Related Posts

Redwood Materials has launched its energy storage business, with its first target being AI data centers

June 27, 2025

Travis Kalanick is about to buy a pony AI – and Uber might help

June 26, 2025

Elon Musk reportedly fires Tesla’s top sales executive

June 26, 2025
Leave A Reply Cancel Reply

Latest Posts

Government semester shakeup “blackmail” Royal Wales show

Pig producers have been fined over £5,000 after illegal slurry lagoon contamination

New Camera Tech transforms cattle care at athletics colleges

Environment Agency issues a water shortage warning for farmers

Latest Posts

Defense inventory sees a bigger trend for competitors as fuel growth outlook

June 27, 2025

NATO’s 5% spending target could be the peak for some defense stocks: City

June 26, 2025

Southwest Airport Lounge? According to the CEO, the careers are open to high-end changes

June 25, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Government semester shakeup “blackmail” Royal Wales show
  • US Approves $30 Million for controversial Israel-backed Gaza Aid Group | Food News
  • Pig producers have been fined over £5,000 after illegal slurry lagoon contamination
  • Americans detained to send US, Bible and dollar bills to North Korea | Political News
  • Defense inventory sees a bigger trend for competitors as fuel growth outlook

Recent Comments

No comments to show.

Welcome to USA Business Watch – your trusted source for real-time insights, in-depth analysis, and industry trends across the American and global business landscape.

At USABusinessWatch.com, we aim to inform decision-makers, professionals, entrepreneurs, and curious minds with credible news and expert commentary across key sectors that shape the economy and society.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • June 2025
  • March 2022
  • January 2021

Categories

  • Aerospace & Defense
  • Agriculture
  • Automation & Process Control
  • Automotive & Transportation
  • Banking & Finance
  • Chemicals & Materials
  • Consumer Goods & Services
  • Economy
  • Economy
  • Electronics & Semiconductor
  • Energy & Resources
  • Food & Beverage
  • Hospitality & Tourism
  • Information Technology
  • Political
Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 usabusinesswatch. Designed by usabusinesswatch.

Type above and press Enter to search. Press Esc to cancel.