Elon Musk publicly condemned President Trump's One Big Beautiful Bill (BBB), describing it as a 'disgusting abomination' that could increase the national budget deficit significantly. He criticized the bill's offer of $5.3 trillion in tax cuts and spending, countering it with Musk's aim for a $2 trillion cut. The argument escalated online, resulting in a stark drop in Tesla's stock. Investors are now wary of heightened market fluctuations, particularly as they anticipate the economic implications of unsustainable debt and potential increases in interest rates.
Elon Musk criticized President Trump's One Big Beautiful Bill, labeling it a 'disgusting abomination' that would exacerbate the U.S. budget deficit.
Musk's critique of the BBB included concerns over rising national debt, calling for deeper spending cuts instead of the proposed fiscal enlargements.
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