Elon Musk sharply criticized Trump's new tax law. This law is expected to increase the US budget deficit and undermine Musk's previous efforts.

In an interview with CBS Sunday Morning, Musk stated, "The massive spending law disappointed me." This marks Musk's strongest criticism of the Trump administration to date.

Trump praised Musk's efforts to reduce the federal government. However, Musk's role in the government is expected to diminish.

Musk announced he would reduce his government role to focus on Tesla. This is a significant development for the future of Tesla.

Musk's relationship with Trump has sparked debates recently. Musk had donated approximately 300 million dollars to Trump, but he indicated he would provide less support in the future.