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Elon Musk sharply criticized the latest version of a tax and spending bill supported by former U.S. President Donald Trump, calling the legislation “utterly insane and destructive.” The Tesla and SpaceX CEO voiced his disapproval on X, stating that the Senate's draft would “destroy millions of jobs in America” and inflict “immense strategic harm” to the nation.
According to Musk, the bill offers generous handouts to outdated industries while severely damaging sectors that are vital to America’s future, such as clean energy and advanced technology. His comments come shortly after reports that Musk and Trump had mended ties following a previous dispute centered on Musk’s opposition to the bill.
The controversial legislation is currently being debated in the U.S. Senate. Proponents argue it will reinvigorate traditional industries and bolster economic stability. Critics, including Musk, believe it undercuts innovation and sends the wrong signals to investors in future-oriented sectors like AI, electric vehicles, and space exploration.
Musk’s criticism carries weight given his role in shaping several high-tech industries. His warning about job losses and strategic setbacks may influence both public opinion and policy debates as the bill advances through Congress.
With tensions rising between tech leaders and policymakers, Musk’s remarks add pressure on lawmakers to reconsider elements of the bill that may hinder U.S. competitiveness in the global innovation race. His stance highlights a growing divide between legacy economic priorities and the evolving demands of a tech-driven economy.
