Billionaire tech mogul Elon Musk has reignited his criticism of U.S. President Donald Trump’s controversial tax-cut and spending bill, promising political retribution against lawmakers who supported it despite pledges to rein in federal spending.
After a brief period of silence, Musk resumed his attacks over the weekend, labeling the legislation “utterly insane and destructive” on his social media platform X. On Monday, he escalated his rhetoric, accusing lawmakers of betraying their campaign promises and vowing to unseat them. “They should hang their heads in shame!” Musk wrote. “And they will lose their primary next year if it is the last thing I do on this Earth.”
Musk, CEO of Tesla and SpaceX, also renewed his call for the creation of a new political party. He derided the current two-party system, referring to it as the “PORKY PIG PARTY” in a post that slammed the bill’s massive expenditures. “Time for a new political party that actually cares about the people,” he added.
The spending bill has sparked a rift between Musk and Trump, marking a significant reversal in their relationship. Musk previously donated nearly $300 million to Trump’s re-election campaign and headed the Department of Government Efficiency (DOGE), a Trump-era initiative focused on cutting federal costs. Musk argues the bill will erase the financial gains achieved under DOGE and balloon the national debt.
Though it remains unclear how much political influence Musk wields, his criticism has created ripples within the Republican Party. Some GOP strategists fear the feud could damage their ability to maintain congressional majorities in the upcoming 2026 midterm elections.
Musk’s outspoken stance has also affected financial markets. Tesla’s stock experienced significant volatility amid the political drama, with the company temporarily losing approximately $150 billion in market value, though shares have since stabilized.
As the bill progresses through Congress, all eyes will be on whether Musk’s threats to influence primaries will materialize and what long-term effect this public fallout may have on both Washington and Wall Street.
