According to Zhitong Finance APP, Tesla (TSLA.US) and SpaceX CEO Elon Musk fiercely criticized the large-scale tax cuts and spending bill that President Trump is pushing through Congress this week, claiming it would plunge the United States into &#34;debt slavery,&#34; and urged Congress members to &#34;vote against this bill.&#34;
&#34;Call your senators and representatives,&#34; Musk posted angrily on social media platform X, denouncing the budget proposal, &#34;Bankrupting America is unacceptable!&#34; He further called for drafting a new bill that &#34;would not significantly increase the deficit or raise the $50 trillion debt ceiling.&#34;
Musk's attack on the proposal began on Tuesday when he called it &#34;a disgusting disgrace.&#34; In just two days, he has posted or retweeted over twenty related posts, mostly focusing on criticizing the bill or commenting on the U.S. debt issue.
Reportedly, part of the reason for Musk's high-profile outcry is that the bill cuts tax credits for electric vehicles, affecting Tesla's direct interests. There are also reports that Musk originally planned to remain in the Trump administration as a &#34;special government employee,&#34; but the White House did not approve.
Musk has recently had conflicts with the Trump administration over several policy disagreements, including the Federal Aviation Administration's inability to regulate his Starlink system and the withdrawal of his preferred NASA administrator candidate.
Notably, despite Trump publicly praising Musk's work during a farewell ceremony at the White House last Friday, he has not yet responded directly to Musk's intense opposition in recent days. However, Trump's Truth Social account retweeted an old post where Musk thanked him for appointing him to lead the government reform group DOGE, suggesting that their relationship has not completely broken down.
Meanwhile, Tesla's stock price has also fluctuated due to this dispute. On Wednesday, the stock fell 3.55%, closing at $332.05. Investor sentiment is under pressure, partly due to weak sales data from China and Germany, and concerns that Musk's changing relationship with Trump may affect Tesla's policy benefits in key areas such as autonomous driving.
According to the latest data, Tesla sold only 1,210 vehicles in Germany in May, a year-on-year decline of 36%; the cumulative sales for the year are 7,030 vehicles, a year-on-year drop of 58%. In China, the Shanghai factory delivered nearly 62,000 vehicles in May, a year-on-year decrease of 15%. However, the delivery volume in May increased compared to April, with retail sales in the first nine weeks of the second quarter down about 17% year-on-year. Weekly sales achieved nearly a 20% year-on-year increase, bringing some confidence to the market.
Gary Black, co-founder of Future Fund, commented that Musk's &#34;declaration of war&#34; against Trump's bill could jeopardize one of Tesla's previously most important policy benefits, the legislative progress of federal autonomous driving standards. He pointed out that if this standard is shelved, it will affect the implementation of Tesla's autonomous driving strategy.
As of Wednesday's close, Tesla's stock price has fallen about 15% this year, but has risen 95% over the past 12 months. Since the company announced its first-quarter earnings report on April 22, Tesla's stock price has increased by over 45%, benefiting from Musk's announcement to reduce political involvement in Washington and plans to deploy autonomous taxi services in Austin, Texas

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Elon Musk fiercely criticized the tax cuts and spending bill promoted by Trump, stating that it would lead the United States into a debt crisis, and urged Congress members to reject the bill. This bill cuts electric vehicle tax credits, affecting Tesla's interests. As a result, Tesla's stock price fluctuated, dropping 3.55% on Wednesday to close at $332.05. Investors are concerned about weak sales data from China and Germany, as well as the changing relationship between Musk and Trump

- Elon Musk criticized President Trump's proposed tax and spending bill, claiming it would lead the U.S. into "debt servitude" and urged Congress to reject it.  
- Musk's opposition stems partly from the bill's cuts to electric vehicle tax credits, directly impacting Tesla, and he has made over twenty posts on social media expressing his discontent.  
- Tesla's stock fluctuated amid this controversy, dropping 3.55% to $332.05, as investors worried about the implications of Musk's strained relationship with Trump on key policies.

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Elon Musk continuously criticizes Trump over the "massive spending bill," and Tesla's stock price is innocently caught in the crossfire