Hey, everybody. Welcome back to the Elon Musk
Podcast. This is a show where we discuss
the critical crossroads that shape SpaceX, Tesla X, The
Boring Company, and Neurolink. I'm your host, Will Walden.
Elon Musk made a pretty wild announcement on Monday, and he
said that he'll create a new political party if Congress
passes President Donald Trump's massive domestic spending bill.
Musk said the America Party will be formed the next day if the
legislation clears its first and final hurdle in the Senate.
He made the statement on X and as the Senate entered its final
amendment phase for the expected July 4th deadline.
Now Musk made this threat and the followed a weekend Baraja
posts attacking what he called an insane bill.
He claimed it would raise the national debt by $5 trillion,
cripple clean energy industries and reward fossil fuels.
His statements marked a return to direct political combat after
weeks of relative quiet following a brief reconciliation
with Donald Trump. Now, Musk's renewed stance
appears rooted in both economic and ideological objections to
the bill's contents and its long term effects.
This legislation, which Donald Trump called his Big Beautiful
Bill or Three BS, BBB, contains sweeping tax changes, subsidies
and budgetary restructures. It includes a new federal
subsidy for coal used in steel production and cuts to renewable
energy incentives now. Musk claimed these changes would
harm industries he believes are essential for long term national
competitiveness. He cited planned tax increases
on solar, battery, geothermal, wind and nuclear energy projects
as a direct threat. Thousands of companies and
workers in the clean energy sector, including Musk's own
Tesla. Imagine that now.
Musk also targeted Republican lawmakers who support the bill.
He accused them of abandoning the fiscal responsibility
pledges and declared he would use his money and influence to
oust them from office. He wrote that every lawmaker who
ran on reducing government spending and then supported the
bill should hang their head in shame and added they quote, will
lose their primary next year. If it is the last thing I do on
this Earth. Now.
These posts coincided with his tagging conservative lawmakers
Chip Roy and Eddie Harris demanding they explain how they
could support what he labeled a debt slavery bill.
Now, Tesla's energy division, which includes solar panel and
battery system installations, stands to be directly affected
by the bill. No matter what you think, Elon
Musk is being affected as well. Musk claimed that the proposed
tax burdens and removal of subsidies would undercut
companies investing in future energy technologies.
He said the bill offers handouts to obsolete industries while
punishing the emergency sectors that are needed to maintain US
leadership in global innovations.
A Tesla stock dropped 14% in a single day after Musk's initial
round of criticism following reports at the White House was
reviewing Tesla's federal contracts.
Elon Musk's feud with Trump reached its peak a fever pitch
earlier in June when he called the bill a disgusting
abomination and demanded Congress kill the bill now.
This marked a sharp reversal from his earlier alignment with
Donald Trump, during which Musk led the Department of Government
Efficiency, or DOGE, controversial White House
initiative. It's focused on deregulation.
Elon Musk also donated about $250 million to Trump's re
election campaign, making one of the president's most generous.
Private supporters of the two appeared to briefly mend the
relationship after Musk softened his rhetoric and expressed
regret over several of his posts on X.
And during that time, he supported the president's
immigration proposals and reduced his political posting on
X, going back to his old ways of posting about Tesla, clean
energy, SpaceX rockets, Boring Company, Neuralink, things like
that, things that we grew up believing that that was what he
want to do and going to Mars as well.
Now, he supported Donald Trump, he supported the immigration
proposals, and now he's reducing his political posting on X.
But then Saturday's legislative debate in Musk's 54th birthday
seemed to reignite this conflict.
Activists from a group called Tesla Takedown organized public
protests that day, criticizing his connections to Trump in his
recent support for Germany's far right Afd party.
Now Musk reignited the political dispute Monday, calling the
GOP's legislation utterly insane and destructive.
He wrote that it would destroy millions of American jobs and
expose the country to long term strategic risks.
He accused the bill of favoring outdated industries, saying it
offers financial incentives to sectors that no longer drive
innovation. Now, in response to Musk's
statements, Trump told Fox News that Musk was simply angry
because the bill would eliminate certain electric vehicle
subsidies. And that's probably true.
Trump praised Musk as a smart guy and said he would continue
to secede, but did not address the bill's effects on energy
policy or the national debt. White House has not issued a
formal statement beyond Trump's comments.
We've reached out to them. They haven't reached out to us.
The Musk said the American Party will serve as an alternative
what he calls the Democratic Republican Unit Party.
He said the country no longer has genuine political
competition. He described the current
structure as a Porky Pig Party in reference to the bill's
massive debt ceiling increase. He told his followers that it is
obvious the country needs new representation because existing
parties no longer prioritize voters interests.
Now, the Senate is expected to vote on the bill before July
4th. Musk's future moves will likely
hinge on whether the legislation passes and how House Republicans
react to his threats. He's threatening to basically
make them not have jobs. Is that important enough to
them, or is this bill more important to them?
It really depends. Do they want a job next year?
Well, we're going to see if they do and what Elon actually does
when this bill passes because more than likely it's going to
pass. If it does, we're going to see
Elon Musk go absolutely insane on X.
I'm sure we will. So let me know if you have
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