Elon Musk raised concerns about President Donald Trump’s sweeping tax and spending cuts package, saying in a video released Tuesday that he believes it would raise the US budget deficit and undercut efforts by the Department of Government Efficiency.

They have watched as their shares have plunged in value this year, while Musk prioritized his political agenda at the expense of the company.

proposals that could slow EV sales more than expected — and hit Musk’s Tesla even harder.

Elon Musk outstripped all other political donors in the 2024 election cycle, contributing around $292 million to political causes. Musk, who owns Tesla and SpaceX, spent almost $100 million more than the second biggest contributor,

It was the first time the reusable rocket had been reused.

SpaceX's mega rocket Starship makes a test flight from Starbase, Texas, Tuesday, May 27, 2025.

The early explosion lead to fuel leaks, which caused the rocket to begin spinning uncontrollably.