Billionaire Elon Musk is threatening to target members of Congress for defeat if they support President Donald Trump’s “One Big, Beautiful Bill” after campaigning on promises to cut government spending.

(Reuters) -Billionaire Elon Musk reiterated his criticism of U.S. President Donald Trump's spending legislation on Monday, arguing that it underscores the need for a new political party. The Tesla chief slammed the "insane spending" of the bill,

Elon Musk slammed the Senate’s latest version of President Trump’s multi-trillion dollar tax bill, warning that the cuts to electric vehicle and other clean energy credits would be “incredibly destructive” to the country.