President Donald Trump has pushed his clash with Elon Musk into outright personal territory, saying he will “take a look” at deporting the South African-born billionaire who poured nearly $300 million into his 2024 re-election campaign. The veiled threat, delivered Tuesday outside the White House, sent Tesla shares down almost 5% in pre-market trading and reopened a feud driven by Trump’s “One Big Beautiful Bill Act.”
The bill would end the $7,500 federal tax credit for individual electric vehicle purchases and unwind other clean energy incentives while expanding spending on border security, defense, and fossil fuels. The Congressional Budget Office projects it will add $3.3 trillion to the US deficit and provide $3.8 trillion in tax cuts that largely benefit high-income households.
“He’s upset that he’s losing his EV mandate,” Trump said, adding that “Elon may get more subsidy than any human being in history.”
On his social media platform Truth Social, he suggested unleashing Musk’s former agency DOGE to scrutinize Musk’s companies: “BIG MONEY TO BE SAVED!!!”
Musk, a naturalized US citizen, led DOGE until May but quit after clashing over the bill’s spending profile. He has since hammered the legislation on X, labeling it an “insane spending bill” that shows the US is run by a “PORKY PIG PARTY.”
He posted a debt-curve chart captioned “When are they going to flatten this curve?” and promised to bankroll primary challenges against Republicans who support the act: “They will lose their primary next year if it is the last thing I do on this Earth.”
If the bill passes, Musk vows also to launch an “America Party,” arguing a third force is needed to break what he calls a Democrat–Republican “uniparty.”
A hostile administration could hit Musk on multiple fronts. The Department of Transportation could delay approvals for Tesla’s robotaxi network, while the Pentagon and NASA could cool future contracts with privately held SpaceX. Even without direct action, the removal of EV credits would raise sticker prices for Tesla buyers and chill demand.
In a separate post he insisted Tesla would be “more competitive” without EV incentives, undercutting claims that he is motivated by subsidies.
Information for this briefing was found via Bloomberg, BBC, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
