Musk-Trump Battle Re-Erupts Over 'Big Beautiful Bill'

Elon Musk has renewed his assault on President Donald Trump’s signature budget bill, drawing new ire from the president and investors — and glee from some Democrats — with his threat to launch a new political party.

“If this insane spending bill passes, the America Party will be formed the next day,” Musk wrote Monday evening on X. “Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.”

Trump fired back Tuesday in an early-morning barb on Truth Social as Senate Republicans wrangled over the bill overnight, taking aim at the federal subsidies Musk has received. Without them, the CEO of Tesla and SpaceX would “probably have to close up shop and head back home to South Africa,” the president wrote, adding that cutting them would save the country a “FORTUNE.”

In an exchange with reporters on Tuesday morning, Trump was asked whether he would seek the deportation of Musk, who served his administration as the driving force of the Department of Government Efficiency.

“I don’t know,” he said. “We’ll have to take a look. We might have to put DOGE on Elon. … DOGE is the monster that might have to go back and eat Elon.”

Musk, who was one of Trump’s most trusted advisers before leaving the White House in late May, decried the bill as “the biggest debt increase in history.” He threatened Monday night to support opposition candidates in primary races against Republicans who campaigned on reducing the debt but have since turned around and supported the president’s bill. Musk assailed what he called “the PORKY PIG PARTY” in one of a series of posts lambasting the Republicans’ One Big Beautiful Bill Act.

Beside his concern about the bill increasing the national debt, Musk hinted at a business reason for his opposition over the weekend.

“It gives handouts to industries of the past while severely damaging industries of the future,” he wrote on X, the social media platform he owns.