Elon Musk vs. Donald Trump: A Political Clash Over Tax and Subsidies

The verbal sparring between billionaire Elon Musk and President Donald Trump has intensified over tax breaks and spending cuts, with Musk considering the formation of a new political party. This confrontation centers on the substantial bill backed by Trump, which Musk argues could harm innovation and economic growth.

Musk, using social media platform X, criticized the Republican bill as "political suicide," with a post viewed over 26 million times, further threatening to replace supporters of the bill in upcoming elections. He also suggested the creation of the 'America Party' to counter the current political landscape.

Trump, meanwhile, has directed his criticisms toward Musk's reliance on electric vehicle mandates and subsidies. Through Truth Social, Trump suggested that without these subsidies, Musk's ventures, such as SpaceX and Tesla, might falter, hinting at potential national savings and government oversight on these matters.

(With inputs from agencies.)