Odaily News Tesla CEO Elon Musk publicly criticized the Trump administration's latest comprehensive tax cut bill this week, saying it would lead to "debt slavery" and suggesting that Bitcoin (BTC) should become the US reserve currency. The bill will add $2.4 trillion to the national debt and cut $3.75 trillion in taxes, and is expected to cause 7.8 million people to lose health insurance eligibility. Musk called the bill a "disgusting monster" and attached an American flag emoji in response to Coinbase CEO Brian Armstrong's Bitcoin remarks. (Reuters)

Odaily News US President Trump said that even without Musk, I could have won Pennsylvania, and expressed disappointment with Musk, saying that I had helped him a lot. Musk was unhappy purely because the mandatory sales regulations for electric vehicles were cancelled. He hasn't said anything bad about me yet, but that will happen soon. (Jinshi)

Odaily News Musk tweeted: "Without me, Trump would lose the election, the Democrats would control the House of Representatives, and the Republicans would be at a 51-49 disadvantage in the Senate. How ungrateful."

Odaily News Trump posted on Truth Social that the easiest way to save the budget is to end government subsidies and contracts for Elon Musk, "which will save billions of dollars. I've always been surprised that Biden didn't do this!"

Odaily News Musk posted on X that "It's time to drop the real big bomb: Trump appears in Epstein's documents. This is the real reason why these documents have not been made public. Have a nice day, DJT!"

Odaily News Trump posted on his social media platform today that he did not care about Musk's opposition, but his position should have been made clear a few months ago. He called the bill currently submitted to Congress "one of the greatest bills in history," including a record $1.6 trillion in spending cuts and the largest tax cuts in history. Trump warned that if the bill fails to pass, taxes will rise by 68%, "there are worse things than this." He emphasized that he did not create chaos, but was committed to fixing problems and making the country great, and called for "making America great again."

Odaily News Musk retweeted a discussion about "Trump should be impeached and replaced by JD Vance" and commented, "Yes."

Odaily News Musk posted on the X platform that Trump's tariff policy will lead to an economic recession in the second half of this year.

Odaily News U.S. President Trump said he wants the tax bill to pass "immediately."

Odaily News Musk, founder of SpaceX, said that in view of US President Trump's statement on canceling government contracts, SpaceX will immediately begin to retire its Dragon spacecraft. It is understood that the current manned space activities in the United States are highly dependent on the Dragon spacecraft of SpaceX.

Odaily News Trump posted on the Truth Social platform that he didn't mind Musk turning against him, but thought Musk "should have done this months ago." Trump highlighted a bill that is being considered by Congress, calling it "one of the greatest bills ever" that will cut $1.6 trillion in spending and provide "the biggest tax cuts ever." He warned that if the bill is not passed, it will lead to a 68% tax increase and "worse situation." Trump said: "I'm not the one who caused this mess, I'm just here to fix it."

Odaily News Bill Ackman, an investment tycoon and CEO of Pershing Square, said on social media that he supports US President Trump and Musk. He believes that for the benefit of the United States, they should coexist peacefully. People are stronger together than apart. (Jinshi)

Odaily News Naval Ravikant, a well-known Silicon Valley angel investor who has invested in multiple crypto projects, posted on X: "Musk's position is principled. Trump's position is pragmatic. Current technology needs the support of Republicans. Republicans need future technological development. Give up the tax cuts, cut some spending, and get the bill passed." Musk then retweeted the tweet to express his support.

Odaily News Due to the fallout between Musk and Trump, Tesla's stock price fell by more than 14%, and its market value shrank by $153 billion, setting a record for the largest single-day drop in history. Musk holds about 12.8% of Tesla's shares, and as a result, the market value of these shares has shrunk by more than $19.5 billion.
According to Yahoo Finance data, Tesla's stock price is currently at $286.99 after hours, a slight rebound.

Odaily News Johnson, Speaker of the U.S. House of Representatives: Musk is a friend. I sent him a lot of messages via text message. I hope he can read it. (Jinshi)

Odaily News Pump.fun posted a message on the X platform to Elon Musk: "Musk, I'm sorry to hear that you had a conflict with Trump. Although we can't provide advice, we can provide a solution: Trump has issued tokens, which means you have the opportunity to do the most interesting thing in history. This is the only time we support PVP, and now is the time."

Odaily News DogeDesigner (@cb_doge) posted on the X platform: "Musk responded to Bill Ackman, agreeing that he and President Trump should 'reconcile' and put national interests first." Previously, Musk responded to Bill Ackman's tweet that "Musk and Trump will benefit from cooperation and suffer from separation", saying that he was right.

Musk said on the social media platform "X" that he regretted some of his posts about US President Trump last week, which were too harsh.

Odaily News US President Trump: (When asked if he can reconcile with Musk) I think so. (Jinshi)