Elon Musk stands to lose big from President Donald Trump’s domestic policy bill in Congress, leaving some Republicans to suggest the billionaire tech mogul’s interests are to blame for his sudden disdain toward the megabill.
The One Big Beautiful Bill Act, which the Tesla owner abruptly torched as a “disgusting abomination” for adding to the deficit, includes the repeal of electric vehicle tax credits and other green energy tax incentives that stand to hurt Musk’s business ventures.
“He’s lost all of the EV credits. He’s going to lose billions of dollars by this,” said Senate Majority Whip John Barrasso (R-WY), adding that Congress also rolled back the ability for states to phase out gas-powered vehicles. “We defeated all of those, and those are all going to
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