Elon Musk Slams Senate Bill, Warns of Clean Energy Collapse

Elon Musk has launched a scathing critique of the Trump-backed Senate bill, labeling it "utterly insane" for its drastic cuts to clean energy funding. The Tesla CEO warned of catastrophic job losses and a potential collapse of the EV industry as key tax credits face abrupt termination.

The legislation marks a sharp pivot toward legacy energy sectors, reinstating tax breaks for coal while gutting support for renewable initiatives. Musk's public break with TRUMP signals a fracture in the GOP's tech industry alliances, with far-reaching implications for America's energy transition.

Market analysts anticipate ripple effects across green tech investments, though cryptocurrency markets remain unaffected by the political showdown. The bill's favoritism toward traditional energy sources could inadvertently accelerate decentralized energy solutions powered by blockchain technologies.