Elon Musk called President Trump’s spending bill the “Debt Slavery Bill” on X in June, saying it would raise the debt ceiling by $5 trillion. The debt ceiling sets the legal limit on how much money the federal government can borrow.

The One Big, Beautiful Bill Act was passed by the Senate. If the House passes the bill during reconciliation, American car buyers could lose out on major EV incentive.

The legislation has reportedly triggered a furious reaction from Musk, raising questions about whether his political gamble is backfiring — and whether his outrage is personal or purely financial, acc