<p>Billionaire Elon Musk reiterated his criticism of US President Donald Trump's spending legislation on Monday, arguing that it underscores the need for a new political party.</p><p>The Tesla chief slammed the "insane spending" of the bill, particularly the measure that increases the debt ceiling by $5 trillion.</p><p>"It is obvious ... that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people," Musk wrote on X.</p>.Elon Musk wades back into politics, slamming Trump's domestic policy bill.<p>Musk has repeatedly expressed frustration with what he sees as bipartisan indifference to ballooning government debt. Earlier this month, he publicly clashed with Trump over the bill, before backtracking later.</p><p>The bitter public feud has led to volatility for Tesla, with shares of the company seeing wild price swings that erased approximately $150 billion of its market value, though it has since recovered.</p><p>The dispute underscores growing tensions between the administration and prominent business leaders over fiscal policy priorities.</p>
<p>Billionaire Elon Musk reiterated his criticism of US President Donald Trump's spending legislation on Monday, arguing that it underscores the need for a new political party.</p><p>The Tesla chief slammed the "insane spending" of the bill, particularly the measure that increases the debt ceiling by $5 trillion.</p><p>"It is obvious ... that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people," Musk wrote on X.</p>.Elon Musk wades back into politics, slamming Trump's domestic policy bill.<p>Musk has repeatedly expressed frustration with what he sees as bipartisan indifference to ballooning government debt. Earlier this month, he publicly clashed with Trump over the bill, before backtracking later.</p><p>The bitter public feud has led to volatility for Tesla, with shares of the company seeing wild price swings that erased approximately $150 billion of its market value, though it has since recovered.</p><p>The dispute underscores growing tensions between the administration and prominent business leaders over fiscal policy priorities.</p>