Second-quarter vehicle deliveries are forecast to see one of the company’s biggest ever year-over-year declines and the Senate version of Trump’s budget bill phases out EV tax credits.

Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party and Trump suggesting Musk could be punished for his opposition.

The truce between Elon Musk and President Donald Trump didn’t even last a month. After the Senate narrowly passed a procedural vote to debate Trump’s “Big, Beautiful Bill” over the weekend, Musk on Monday said he would use his vast resources to launch primary campaigns against Republicans in Congress who voted for the massive domestic policy agenda.