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U.S. President Donald Trump and billionaire Elon Musk traded barbs over the Trump administration's sweeping tax-cut and spending bill on Thursday, a week after Musk left the administration. The legislation, dubbed the "Big and Beautiful Bill," is a key part of Trump's agenda and includes measures such as eliminating tax credits for electric vehicle buyers, increasing investment in border security, and lowering both corporate and personal tax rates.
Musk has been sharply critical of the bill in recent days. On June 5, Trump said he was "disappointed" by Musk's remarks. Following Trump's comments, Tesla's stock price fell more than 15 percent that day.