Tesla shares plunged nearly 9% Thursday after President Donald Trump lashed out at Elon Musk over his criticism of the president’s tax and spending bill. Musk, who had once been one of Trump’s closest allies and even led a cabinet-level department, called the legislation a “disgusting abomination.” Trump fired back, saying he was “very disappointed” in Musk, accusing him of flip-flopping. Their public feud, coming after Musk’s exit from the administration, has rattled investors and raised questions about Tesla’s future amid rising political tensions and financial uncertainty.
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NewsTranscript
00:00Well, he knew it better than almost anybody, and he never had a problem until right after he left.
00:30Look, you know, I've always liked Elon, and it's always very surprised.
00:40You saw the words he had for me, the words.
00:43And he hasn't said anything about me that's bad.
00:45I'd rather have him criticize me than the bill, because the bill is incredible.
00:50It's the biggest cut in the history of our country.
00:53We've never cut.
00:54It's about 1.6 trillion in cuts.
00:57It's the biggest tax cut.
00:59Tax, you would say, people's taxes will go way down, but it's the biggest tax cut in history.
01:07We are doing things in that bill that are unbelievable.
01:11And when you look at what we're doing for small businesses, for people, for middle-income people,
01:17all of the things that we're doing, nobody's ever seen anything like it.
01:22And, you know, Elon's upset because we took the EV mandate, and, you know, which was a lot of money for electric vehicles.
01:30And, you know, they're having a hard time, the electric vehicles.
01:33And they want us to pay billions of dollars in subsidy.
01:37And, you know, Elon knew this from the beginning.
01:41He knew it for a long time ago.
01:43That's been in there.
01:43That's been, I would say, J.D., that hasn't changed.
01:47That's been right from the beginning, Mr.
01:49I think, Mr. Secretary, that hasn't changed at all, right from the beginning.
01:53But I know that disturbed him.
01:55He knew every aspect of this bill.
01:57He knew it better than almost anybody.
01:59And he never had a problem until right after he left.
02:02And if you saw the statements he made about me, which I'm sure you can get very easily, it's very fresh on tape,
02:08he said the most beautiful things about me.
02:10And he hasn't said bad about me personally, but I'm sure that'll be next.
02:14But I'm very disappointed in Elon.
02:16I've helped Elon a lot.
02:32I've helped Elon a lot.
03:02I've helped Elon a lot.
03:32I've helped Elon a lot.
04:02I'm looking at Elon a lot.
04:03I'm looking at Elon a lot.
04:04Elon a lot.
04:05I've helped Elon a lot.
04:09And Elon a lot.
04:11So, Elon Biden, he talked about Elon.
04:12CEO his personal life.
04:16And heather' ALI.
04:21Elon16 killed by Elon the Peter.
04:25And heather will all his father.
04:28I thought, what I did happen.
04:29Bill, I can help Elon Musk.
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