Hey folks, the tech and political worlds are in a twist! U.S. President Donald Trump and tech mogul Elon Musk are clashing over a controversial spending bill — dubbed by Trump as the "big, beautiful bill." Trump took to Truth Social to warn that his administration might slash subsidies to Musk's companies, a move that could halt rocket launches 🚀, satellites, and even Tesla electric car production 🚗.
In one of his bold posts, Trump joked that without these subsidies, Musk might have to pack up and head back to South Africa, adding that huge savings could be made. Meanwhile, Musk fired back on his platform, X, warning that every member of Congress who once campaigned on reducing government spending but then backed a massive debt increase could lose their primary next year. Ouch! 🔥
The bill under debate aims to boost the debt ceiling by $5 trillion and could wipe out valuable electric vehicle tax credits — up to $4,000 off a used EV and $7,500 off a new one. JPMorgan Chase even estimated the impact could cost Tesla around $1.2 billion. Musk insists that this legislation will not only destroy jobs and strategic opportunities but also reshape the tech and auto industries.
This high-stakes duel between political rhetoric and tech innovation is something young tech enthusiasts across South and Southeast Asia — from buzzing cities like Bangalore, Jakarta, and Manila — can relate to. Global policy shifts like these ripple into our local startup ecosystems and everyday tech lives, reminding us how much our world is interconnected. Stay tuned for more as we watch these debates unfold in real time! 😊
Reference(s):
Trump threatens Tesla subsidies as Musk slams 'big, beautiful bill'
cgtn.com
