Overview

• Elon Musk denounced Trump’s tax-and-spending “One Big Beautiful Bill” as a “widerliche Abscheulichkeit” and urged Republicans to vote against the legislation.
• In response, President Trump warned he may cancel SpaceX and Tesla government contracts and is reportedly planning to sell or gift his red Tesla Model S.
• Musk countered by threatening to withhold SpaceX’s Dragon capsules from NASA missions, putting U.S. crewed spaceflights at risk.
• Tesla’s stock plunged roughly 14 percent after investors reacted to the prospect of lost subsidies and federal business.
• Most Republican lawmakers have backed Trump while Democrats have mocked the spat, and the president has ruled out any further discussions with Musk.