Elon Musk’s vocal opposition to President Trump’s “Big Beautiful Bill” appears heavily influenced by its direct financial impact on Tesla, according to Republican insiders and legislative details. While Musk publicly frames his criticism around deficit spending, the bill eliminates $11.4 billion in regulatory credits crucial to Tesla’s operations. This would terminate tax incentives Tesla currently receives as a leading electric vehicle manufacturer.
Musk called the legislation a “disgusting abomination” and warned it would balloon the deficit to $2.5 trillion, but White House allies suggest his stance stems from protecting corporate interests. The bill’s removal of EV tax credits directly threatens Tesla’s bottom line, with one staffer noting the West Wing views Musk’s outbursts as self-serving.
House Speaker Mike Johnson attempted to diffuse tensions by contacting Musk, who doubled down demanding deficit-neutral legislation. This clash reveals tension between Trump’s pro-business agenda and specific provisions harming key supporters like Musk. While framing himself as a deficit hawk, Musk’s financial exposure to the bill’s EV policy changes suggests mixed motives behind his criticism.
