Elon Musk, Chief Executive Officer (CEO) of Tesla, has once again strongly criticized the tax cut legislation promoted by President Donald Trump.
On the 28th (local time), Musk posted on X (formerly Twitter) that the recently released draft bill in the Senate will eliminate millions of jobs in the U.S. and cause tremendous strategic losses to our country, stating, "It is completely insane and destructive."
He added that "while subsidies are provided to past industries, serious blows are dealt to future industries."
Musk also shared another post from a user on X that pointed out, "This bill includes provisions to increase taxes on all wind and solar projects that have not yet started."
The electric vehicle corporation Tesla, operated by Musk, produces and sells energy storage system (ESS) products. ESS can store and utilize energy generated from electric vehicles as well as from solar panels or wind turbines. If taxes on related businesses increase, net profits will plummet.
Currently, the U.S. Senate is preparing to address "one big, beautiful bill" that includes Trump's core policy agenda, such as tax cuts.
On the 24th, President Trump demanded the swift processing of the bill in a post on the social media platform Truth Social, saying, "To my colleagues in the Senate, if necessary, even stay up all night in your offices to finish this week."
In this context, Musk has shown his intention to once again put the brakes on this bill.
Musk's strong expression attacking the bill came 17 days after he revealed that he regretted posting several critical comments about President Trump on the 11th.
Previously, Musk served as the head of the Department of Government Efficiency (DOGE) with the inception of Trump's second administration, overseeing federal government restructuring and expenditure cuts, but he voiced grievances against Trump's core bills starting from early this month after completing his 130-day special government official term.
In response, President Trump publicly reprimanded Musk, and their relationship deteriorated as Musk agreed with calls for Trump to be impeached and raised claims that Trump was involved in a sex scandal.
However, Musk posted on the 11th, stating, "I regret some of my posts about the President. They were excessive," and with Trump indicating he accepted this, it seemed the conflict between the two was momentarily resolved.