Trump, Musk Clash Over 2025 Tax Bill, EV Mandate Impact

A fierce public feud has erupted between President Donald Trump and Elon Musk over a 2025 tax and spending bill that includes significant cuts to electric vehicle (EV) tax credits and new fees on EV owners. Musk, who previously supported the bill while serving in the Trump administration, later denounced it as a “disgusting abomination” due to its rapid passage and adverse impact on the federal deficit and clean transportation. In response, Trump expressed disappointment in Musk's criticism, accused him of ingratitude, and threatened to terminate Musk's government contracts, escalating tensions. The conflict also involved disputes over Musk’s departure from the White House and the withdrawal of a NASA leadership nominee Musk supported. Market reactions have been notable, with Tesla's stock falling sharply amid the spat. The controversy highlights broader concerns about the interplay between political power, corporate influence, and the future of clean energy policy in the U.S.