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 comments on your podcast platform right now. Let me know what you think. I want to hear from you. We have this great community of people and we want to keep growing this. Please hit the follow button and the like button on whatever podcast platform you're on really helps out the show. Thank you so much. I also wanted to give everybody a shout out.
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