Lol, I asked Grok 🤔
Elon Musk has publicly criticized a U.S. Senate draft bill, describing it as "utterly insane and destructive" and warning that it would "destroy millions of jobs in America" while causing "immense strategic harm" to the country. His statements, made on June 28, 2025, via a post on X, stem from his belief that the bill prioritizes "handouts to industries of the past" while "severely damaging industries of the future." Although specific details about the bill's provisions are not fully outlined in the available information, Musk's concerns likely center on policies that he perceives as stifling innovation, imposing burdensome regulations, or misallocating resources in ways that harm emerging sectors like technology, manufacturing, or energy—key areas for his companies, Tesla, SpaceX, and others.
Musk's critique aligns with his history of opposing legislation he views as detrimental to economic growth or technological advancement. The bill in question appears to be tied to President Donald Trump's tax and spending proposals, which Musk had previously opposed, leading to a public feud that was later resolved. Posts on X suggest the bill may include stricter regulations or compliance costs that could impact innovation-driven industries, potentially increasing operational challenges for companies like Musk's. Additionally, his warning about "strategic harm" implies broader national security or economic competitiveness concerns, possibly related to the U.S. falling behind in critical future-oriented sectors.
Without the full text of the bill, the exact provisions Musk is targeting remain speculative, but his comments reflect a belief that it undermines the economic and strategic interests of the U.S. by favoring outdated industries over those driving future growth.
