Elon Musk is not done slamming President Donald Trump’s “One Big Beautiful Bill” just yet.
Musk started criticizing Trump’s spending bill on June 5 but walked back the attacks just days later. Musk said in an X post on June 11 that some of his remarks on Trump had gone “too far.”
But the detente did not last long. The Tesla and SpaceX CEO reignited his attacks on the bill over the weekend and hasn’t stopped since.
On Saturday, Musk wrote on X that the president’s signature tax bill “will destroy millions of jobs in America and cause immense strategic harm to our country.”
“Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future,” he continued.
GOP lawmakers hope to send the bill, which is pending a vote in the Senate, to Trump’s desk by July 4. Musk, however, said he would defeat politicians who voted for the bill if it passed and form his own political party.
“It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country — the PORKY PIG PARTY!!” Musk wrote in an X post on Monday.
“Time for a new political party that actually cares about the people,” he said.
Musk said in a follow-up post, published just an hour later, that any politician who voted for the bill despite campaigning on cutting government spending should “hang their head in shame.”
“And they will lose their primary next year if it is the last thing I do on this Earth,” he added.
Musk said later that a new party, the “America Party,” will be formed the day after the “insane spending bill passes.”
“Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE,” Musk added.
Musk had long opposed Trump’s “One Big Beautiful Bill.” In an interview with CBS that aired last month, Musk said he was “disappointed to see the massive spending bill.”
Musk said the bill “undermines the work that the DOGE team is doing,” the government cost-cutting outfit he led when he was a part of the Trump administration. Musk announced his departure from the White House DOGE office on May 28.
“I think a bill can be big, or it could be beautiful. I don’t know if it could be both,” Musk told CBS.
Musk’s disagreement with Trump over the bill marks a rare break between the two men. Musk had been a prominent backer of Trump’s presidential campaign last year, where he spent at least $277 million backing Trump and other GOP candidates in the 2024 elections.
When Musk criticized Trump’s bill earlier in June, he took credit for Trump and the GOP’s electoral victories in 2024. That was also when he first floated the possibility of forming his own political party.
“Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,” Musk wrote on X on June 5.
“Such ingratitude,” he continued.
Musk said in an interview with Bloomberg on May 20 that he had “done enough” political spending and planned to “do a lot less in the future.”
“Well, if I see a reason to do political spending in the future, I will do it,” he added.
Trump initially expressed disappointment at Musk’s behavior but has since taken a more conciliatory tone with Musk. Trump said last week that he still views Musk positively but has not spoken to him much.
“He’s a smart guy. And he actually went and campaigned with me and this and that,” Trump said in an interview with Fox News’ Maria Bartiromo that aired Sunday.
“But he got a little bit upset, and that wasn’t appropriate,” he added.
Musk and the White House did not respond to a request for comment from Business Insider.
