Elon Musk rips into ‘utterly insane’ Trump-backed megabill
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Elon Musk rips into ‘utterly insane’ Trump-backed megabill
The bill was passed by the U.S. House of Representatives and the Senate. The bill is expected to be signed into law by President Obama on Monday. The Senate passed the bill last week. It is the first time the Senate has passed such a bill in more than a decade. It was passed with bipartisan support.
Elon Musk ripped into the Senate’s massive domestic policy package on Saturday, calling it “utterly insane” and destructive,” pointing to provisions in the bill that would raise taxes on many solar, battery, geothermal, wind and nuclear energy projects.
Musk’s automaker Tesla produces, sells and installs both battery energy storage systems, and solar photovoltaics as part of its energy division.
Musk’s remarks come weeks after he first hurled harsh criticism against the bill, which is backed by President Donald Trump.
“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!” Musk wrote on X, the social network that he owns.
“Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future,” he continued, hours before the Senate was poised to hold a key vote on the package.
The bill would also create a new subsidy for coal that’s used for the production of steel.
The Tesla and SpaceX CEO, who is the wealthiest man in the world, has been an outspoken critic of Trump’s “big, beautiful bill,” views that in part triggered a public feud that erupted earlier this month between the two men.
Musk previously called the bill a “disgusting abomination” and urged lawmakers to “KILL the BILL.”
Source: https://www.cnbc.com/2025/06/28/elon-musk-trump-senate-bill.html