Elon Musk has hit out at President Donald Trump’s $5 trillion spending bill, calling it “insane” and warning that the US is turning into a one-party system.
The billionaire says it’s time to form a new political party that truly puts people first.
The Tesla chief slammed the “insane spending” in the bill, particularly the measure that increases the debt ceiling by $5 trillion.
“It is obvious … that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people,” Musk wrote on X.
Musk has repeatedly expressed frustration with what he sees as bipartisan indifference to ballooning government debt. Earlier this month, he publicly clashed with Trump over the bill, before later backtracking.
The bitter public feud has caused volatility for Tesla, with shares of the company experiencing wild price swings that erased approximately $150 billion of its market value, although it has since recovered.
The dispute highlights growing tensions between the administration and prominent business leaders over fiscal policy priorities.
