Elon Musk, never one to stay silent when the stakes are high, took a bold swipe at President Trump’s latest economic proposal the so-called “Big Beautiful Bill.” In a now-viral post on X (formerly Twitter), Musk called the bill “a disgusting abomination of economic mismanagement.”
The bill, which introduces major corporate tax cuts and deregulation packages, was fast-tracked through the House but is facing intense scrutiny from tech leaders. Musk criticized the lack of transparency and the potential long-term damage to science and technology funding.
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In response, Trump called Musk “an ungrateful weirdo” during a press conference and hinted at cutting federal contracts to SpaceX and Tesla.
Wall Street reacted instantly. Tesla stock dropped 14% in 24 hours, and the tech heavy Nasdaq followed with a 3.2% decline. Analysts are calling it the “Trump-Musk Shockwave.”
Many now wonder if this feud between a sitting president and America’s most influential innovator could trigger deeper market instability ahead of the 2026 midterms.
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