The timing was no coincidence. On July 3, Congress passed President Donald Trump’s signature legislation, the so-called “One Big Beautiful Bill,” a sweeping package that includes massive spending cuts, the end of clean energy subsidies, and controversial changes to social safety net programs. Trump is expected to sign the bill on July 4.

The legislation has reportedly triggered a furious reaction from Musk, raising questions about whether his political gamble is backfiring — and whether his outrage is personal or purely financial, acc

Trump, making his first comments on Musk’s criticism of his bill during an Oval Office press conference, insinuated the Tesla CEO opposes his “One Big Beautiful Bill Act” because he is “upset” the electric vehicle tax credit was removed, adding he’s not sure he’ll remain friends with Musk and alleging Musk “knew the inner workings of the bill.”