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Home FINANCE

Trump Says Relationship with Elon Musk is Likely Over Due to Fallout Over Big Beautiful Bill

Michael Juanico by Michael Juanico
June 5, 2025
in FINANCE, OPINION, POLITICS
Reading Time: 3 mins read
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  • Elon Musk slammed Trump’s new economic bill as “disgusting,” sparking a public fallout with the former president.
  • Trump accused Musk of suffering “Trump Derangement Syndrome,” saying their once-close relationship may be over.
  • The $3 trillion deficit estimate tied to the bill has drawn fire from both fiscal conservatives and climate advocates.

Tensions between President Donald Trump and Elon Musk hit a boiling point Thursday after Musk launched a social media tirade against Trump’s marquee economic bill, the “One Big Beautiful Bill Act.” Speaking from the Oval Office, Trump admitted their once-solid relationship may now be in jeopardy. “He hasn’t said bad about me personally—yet—but I’m very disappointed,” Trump told reporters before a meeting with German Chancellor Friedrich Merz.

🚨 TRUMP: DOESNT KNOW IF RELATIONSHIP WITH ELON WILL BE GREAT ANYMORE — FOLLOWING MUSK'S CRITICISM OF THE BIG BEAUTIFUL BILL pic.twitter.com/WmCirm85Ox

— BlockNews (@blocknewsdotcom) June 5, 2025

The blowup comes just days after Musk stepped down as head of the Department of Government Efficiency. Since then, the Tesla boss has slammed the bill as “disgusting,” particularly over its removal of EV tax credits and its projected $3 trillion addition to the national debt. Trump accused Musk of suffering from “Trump Derangement Syndrome,” likening him to other former allies turned critics. “He never had a problem with the bill until right after he left,” Trump said.

A Bill, a Breakup, and a Twitter War

Musk didn’t hold back, firing back with a clipped “Whatever” on X, followed by a barrage of posts blasting the bill’s “mountain of disgusting pork.” He also resurfaced Trump’s old tweets criticizing deficit spending and debt ceiling hikes—highlighting a perceived hypocrisy now that the GOP is pushing a bill with a massive price tag. Musk called out the bill’s cuts to clean energy incentives, noting oil and gas subsidies remained untouched. “Very unfair!!” he wrote, pushing for a bill that’s fiscally responsible without gutting EV progress.

House Speaker Mike Johnson, who shepherded the bill through the House, confirmed he’s been in regular contact with Musk amid the fallout. “He’s passionate about EV policy,” Johnson noted, defending the move to cut the incentives as a pivot away from the Green New Deal.

Political Fallout and Fiscal Firestorm

The political fallout from the Musk-Trump spat is already rippling through Washington. With the bill still needing Senate approval before another round in the House, the White House is scrambling to contain the optics of high-profile dissent. The Congressional Budget Office’s projection that the bill will add $3 trillion to the deficit is only intensifying scrutiny.

I couldn’t agree more! 🇺🇸🇺🇸 https://t.co/sZ6xgisZEA

— Elon Musk (@elonmusk) June 5, 2025

For now, the president seems determined to push the bill through. “In the entire history of civilization, there has never been legislation that both big and beautiful,” Trump said in his defense. But whether the One Big Beautiful Bill Act survives intact—and whether Trump and Musk’s relationship does too—remains an open question.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Department of Government EfficiencyDonald TrumpElon MuskMike JohnsonOne Big Beautiful Bill Act
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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