“Without me, Trump would have lost the election”: Musk’s Ugly Fallout with the President Over Controversial Spending Bill

In a dramatic turn of events, Elon Musk has publicly severed ties with President Donald Trump, igniting a political firestorm over the administration’s flagship legislation, the “One Big Beautiful Bill Act.” The bill, which proposes sweeping tax cuts and significant spending increases, has been a point of contention, particularly due to its rollback of electric vehicle subsidies, a move that directly impacts Musk’s Tesla.

Musk, who previously served as the de facto head of the Department of Government Efficiency (DOGE), took to his social media platform X to express his discontent, stating, “Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.”

Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.

Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.

— Elon Musk (@elonmusk) June 5, 2025

The rift between the two figures marks a significant shift in their relationship. Musk was a prominent supporter of Trump’s 2024 campaign, contributing over $250 million and playing a key role in shaping the administration’s efficiency agenda. However, the introduction of the “One Big Beautiful Bill Act” has strained their alliance.

Critics have dubbed the bill the “Reverse Robin Hood Bill,” arguing that it disproportionately benefits the wealthy while cutting essential programs. Musk’s opposition centers on the bill’s reduction of electric vehicle tax credits and its overall fiscal irresponsibility, which he claims could add $2.4 trillion to the deficit over a decade.

The fallout has not only affected political dynamics but also financial markets. Tesla’s stock has experienced a significant drop, reflecting investor concerns over the company’s future in light of reduced subsidies and Musk’s political entanglements.

As the Senate prepares to vote on the bill, the political landscape remains uncertain. Musk’s public dissent has emboldened some Republican lawmakers to voice their opposition, potentially jeopardizing the bill’s passage.

The unraveling of the Trump-Musk alliance underscores the complexities of political partnerships and the challenges of balancing personal interests with public policy. As debates continue, the implications of this fallout will likely reverberate through both political and economic spheres.